SOLUTION: find the simple interests if 1,000 is invested for 1 year at 6%.

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Question 145119: find the simple interests if 1,000 is invested for 1 year at 6%.
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
1,000(1+.06)^1
1,000(1.06)=1,060 OR $60 INTEREST.