Simple Interest

Simple Interest - interest Now use the equation Simply plug...

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Simple Interest Example 1 How much simple interest will an account earn in five years if $500 is invested at 8% interest per  year? First, circle what you must find— 
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Unformatted text preview: interest. Now use the equation Simply plug into the equation. Note that both rate and time are in yearly terms (annual rate; years)....
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This note was uploaded on 11/10/2011 for the course MATH 1310 taught by Professor Staff during the Fall '07 term at Texas State.

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