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16-03-2022
Mathematics

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Edward deposited 9000 into a savings account 3 years ago the simple interest rate is 2% how much money did Edward earn in interest

Respuesta :

16-03-2022

Step-by-step explanation: Formula for simple interest is P x R x T , which is

Principal amount x Rate x Time (in years)

=> 9000 x [tex]\frac{2}{100}[/tex] x 3 = 540

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