SOLUTION: sally puts $200.00 in a bank account. Each year the account earns 8% simple interest. How much iterest will be earned in three years?

SOLUTION: sally puts $200.00 in a bank account. Each year the account earns 8% simple interest. How much iterest will be earned in three years?

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Question 163333: sally puts $200.00 in a bank account. Each year the account earns 8% simple interest. How much iterest will be earned in three years?
Answer by elima(1433) (Show Source): You can put this solution on YOUR website!
I=PRT
I=(200)(.08)(3)
I=$48
:)
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