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Find the simple interest earned for an account of $500 at 3% for 3 years.



$450.00


$37.50


$45.00


$59.85

Respuesta :

linderson92

Answer:

Simple interest (SI) formula = Principle * Rate * Time

Rate = 3% / 100% =0.03 (change to decimal)

SI = 500*0.03*3 = 45

Simple interest = $45

Step-by-step explanation:


ulysesislas10
45$ just took it on apex
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