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4 November, 01:49

Simple interest of 630$ for 4 years at 6.5%

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Answers (2)
  1. 4 November, 02:32
    0
    Answer:$163.9

    Step-by-step explanation:

    PRT

    630*6.5/100*4
  2. 4 November, 05:12
    0
    Answer:The interest is: $163.80

    Step-by-step explanation: P is the principal amount, $630.00.

    r is the interest rate, 6.5% per year, or in decimal form, 6.5/100=0.065.

    t is the time involved, 4 ... year (s) time periods.

    So, t is 4 ... year time periods.

    To find the simple interest, we multiply 630 * 0.065 * 4 to get that:

    The interest is: $163.80
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