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15 November, 03:36

How much simple interest is earned on $4,558.35 at an interest rate of 3.2% in 9 years?

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Answers (2)
  1. 15 November, 05:35
    0
    =$ 1,312.80

    Step-by-step explanation:

    Simple interest is given by the formula PRT/100

    Where P is the principal amount, R is the interest rate and T is the interest period in years.

    = ($ 4,558.35 * 3.2 * 9) / 100

    =$ 1,312.80
  2. 15 November, 07:32
    0
    1,312.80 would be your answer. The formula used to solve this would be I=PRT where p represents your starting amount deposited and r is your rate of interest and t is your time in years
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