jkeg4540 jkeg4540

11-05-2021
Mathematics

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Casey deposited $1,450 in a bank account with an interest rate of 4%. How much simple interest was earned in two years?

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altavistard altavistard

11-05-2021

Answer:

$116

Step-by-step explanation:

The Simple Interest formula is i = prt. Here,

i = ($1,450)(0.04)(2 yr) = $116

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