SOLUTION: If you invest $10,000 annual rate of 7% how much interest will you earn after one year

SOLUTION: If you invest $10,000 annual rate of 7% how much interest will you earn after one year

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Question 1014034: If you invest $10,000 annual rate of 7% how much interest will you earn after one year
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
Simple Interest is found by
I = prt = ($10000)(.07)(1 year) = $700
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