SOLUTION: What is the interest earned on $400 invested at the rate of 6% for one year?

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Question 757856: What is the interest earned on $400 invested at the rate of 6% for one year?
Found 2 solutions by knighty2002uk, stanbon:
Answer by knighty2002uk(39) About Me  (Show Source):
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
What is the interest earned on $400 invested at the rate of 6% for one year?
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I = P*r*t
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I = 400*(6/100)*1
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I = 4*6
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I = $24.00
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Cheers,
Stan H.
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