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23 September, 20:05

Find the total interest earned on $340 at a yearly rate of 12% over 1 year.

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  1. 23 September, 21:22
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    Hey fam. Remember that interest is equal to the principal (340) times the rate (1.12%) time the amount of time in years (1).

    I = 340 (1.12) (1)

    I = 380.8 (1)

    I = 380.8
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