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16 December, 19:59

350 at 5% for 4 years what is it simple interest to the nearest cent

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  1. 16 December, 22:39
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    I'm assuming the interest is 5% each year in which case so using the equation A=P (1+rt) and substituting in the values given you have A=350 (1+.05 (4)) which is $420.00
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