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18 August, 20:28

Computer amount of interest earned and the following simple interest from a deposit of 5500 at 6% for three years equals?

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  1. 18 August, 21:23
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    1 year = 6% x 5500 = 0.06 x 5500 = $330

    1 year = $330

    3 years = $330 x 3 = $990

    Answer: $990
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