SOLUTION: Find the simple interest on a $2,219 principal, deposited for six years at a rate of 5.11%.
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Question 703432: Find the simple interest on a $2,219 principal, deposited for six years at a rate of 5.11%.
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
I = Prt
I = 2219*0.0511*6
I = 680.3454
I = 680.35
The simple interest is $680.35
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