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24 September, 01:00

If $6000 is invested at 7% simple interest for 4 months, how much interest is earned?

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  1. 24 September, 02:23
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    You can use the simple interest formula.

    S = Prt

    S = Simple Interest

    P = Principle = 6000

    r = rate = 7% =.07

    t = time = 4

    S = 6000 *.07 * 4

    S = $1680
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