SOLUTION: You invest $300 at a simple annual interest rate of 4.5%. How much simple interest will you earn in 10 years?

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Question 340453: You invest $300 at a simple annual interest rate of 4.5%. How much simple interest will you earn in 10 years?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


Multiply 300 times 0.045. That is the amount you earn in 1 year. Multiply that by 10.


John

My calculator said it, I believe it, that settles it