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9 July, 08:11

What is the interest earned on $350.00 invested 4 years at a 5% simple interest?

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  1. 9 July, 10:09
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    So simple interest earned is [ (5% of 350) times 4]

    so

    percent means parts out of 100 so 5%=5/100=1/20

    'of' can be translated as multiply

    (1/20 times 350) times 4

    [ (350/20) times 4]

    [ (17.5) times 4]

    [70]

    70 is the answer
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