Answered

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sid has a savings account $8,500 in it that earns 8.7% simple interest per year. how much interest to the nearest cent will sid earn in 4 years? give your answer in dollars

Sagot :

we have:

[tex]I=C\cdot i\cdot t=8500\cdot\frac{8.7}{100}\cdot4=2958[/tex]

answer: $ 2,958

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