SOLUTION: what is the simple interest for a deposit of $30000 at 3% simple interest for one year

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Question 597670: what is the simple interest for a deposit of $30000 at 3% simple interest for one year
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
what is the simple interest for a deposit of $30000 at 3% simple interest for one year
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I = Prt
Interest = 30,000*0.03*1 = $900
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cheers,
Stan H.