SOLUTION: BELINDA has 1,200 in a savings account that pays 1.5% annual simple interest. If she does not makeany deposits or withdrawals, how much interest will she earn in one year
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Question 748324: BELINDA has 1,200 in a savings account that pays 1.5% annual simple interest. If she does not makeany deposits or withdrawals, how much interest will she earn in one year
Answer by tommyt3rd(5050) (Show Source): You can put this solution on YOUR website!
Because of the situation this is a simple interest problem
I = P r t =1200*0.015*1=18
she earns $18
:)
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