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6 July, 01:11

What is 5% simple interest for one year on $575?

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  1. 6 July, 01:55
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    Step-by-step explanation:

    Simple interest I = P*R*T/100

    P = $575

    T = 1year

    R = 5%

    I = $ (575 * 5 * 1) / 100

    I = $ 28.75
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