SOLUTION: What is the amount earned when $3600 is invested at a rate of 7% simple interest for three years?
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Question 322289
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What is the amount earned when $3600 is invested at a rate of 7% simple interest for three years?
Answer by
mananth(16946)
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Interest= p*r*t
p=3600
r=7%
t=3 years
..
I= 3600*0.07*3
Interest = $756