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16-11-2020
Mathematics

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Marsha deposited $8,500 into a saving account 5 years ago. the simple interest rate is 5%. how much money did Marsha earn in interest?

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16-11-2020

Answer:

$2125

Step-by-step explanation:

Given

P=$8,500

t=5

r=5%

So simple interest=8500×5×5/100

= 85×5×5

=$2125

So the interest is $2125

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