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7 October, 10:05

Hayden invested for 3 years at an interest rate of rate of 0.035 how much interest did he earned on this time

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  1. 7 October, 13:39
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    Assuming this is simple interest, then the formula is

    A = P (1 + rt) where P is the principal invested, r is rate and t is time

    So A = P (1 +.035 (3)) = 1.105P
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