Andrew M. answered • 03/19/17
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Mathematics - Algebra a Specialty / F.I.T. Grad - B.S. w/Honors
If this is 1 year and interest is compounded annually
I = prt
I = 3000(.055)(1) = $165
Erica S.
asked • 03/19/17Find the interest each principal will earn. If necessary, round to the nearest cent.
Find the interest each principal will earn. If necessary, round to the nearest cent.
Principal: $3,000
Rate: 5.5%
Time: 1 year
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