SOLUTION: If you invest $10,000 at an annual rate of 7%, how much interest will you earn after one year?
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Question 777356: If you invest $10,000 at an annual rate of 7%, how much interest will you earn after one year?
Answer by wilft1(217) (Show Source): You can put this solution on YOUR website!
to get 7 percent of 10,000 you simply multiply 10,000 by .07 that will give you 700
if you want to add 7 percent to 10,000 you just multiply 10,000 by 1.07 that will give you 10,700
hope this helps :)
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