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17 September, 08:02

Holly opened a savings account at a local bank. She deposited $1,400.00 into the account 8 years ago. If the account earns an annual simple interest rate of 4.7%, how much interest has she earned?

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  1. 17 September, 10:35
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    The answer is $526.40

    I = P*R*T

    I = 1400*.047*8

    I=$526.40
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