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If you invest $10,000 at 3% simple interest for 20 months, how much interest will you...

If you invest $10,000 at 3% simple interest for 20 months, how much interest will you earn?
Math   Statistics-And-Probability   
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Answer #1

Interest = P*r*t

P=Principal value =10,000

r=annual rate =3/100

t=time in years =20/12

We get Interest = 500

Solution file is attached go through it

Thanks

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