SOLUTION: what is the calculation for $600 if invested for five years at a 9% interest rate

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Question 404613: what is the calculation for $600 if invested for five years at a 9% interest rate
Answer by algebrahouse.com(1659) About Me  (Show Source):
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"what is the calculation for $600 if invested for five years at a 9% interest rate"

Simple interest is i = prt
i = interest
p = principal
r = rate
t = time (in years)

i = 600(.09)(5) {substituted into interest formula, changed 9% to .09}
= $270 {multiplied}
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