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14 May, 13:32

A savings bank invests $58,800 in municipal bonds and earns 12% per year on the investment. How much money is earned per year?

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  1. 14 May, 17:08
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    Answer: $58,000 = 12% = $65,856
  2. 14 May, 17:17
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    To find the answer we simply have to find 12% of 58,800. So to do that, we can multiply it by. 12

    58,800 •.12 = 7,056

    So $7,056 is earned per year
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