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Kevin invests $725 at 5.2%/a simple interest. What is the total amount in Kevin’s account at the end of 5 years?
$913.50
Principal (or the original amount invested)
Interest rate in decimal form.
0.02
$115.20
1
$390
Interest earned in dollars
What is the interest earned on $6500 at 8% simple interest for 9 months?
$913.50
Principal (or the original amount invested)
Interest rate in decimal form.
0.02
$115.20
1
$390
Interest earned in dollars
Find the interest. Round to the nearest cent. $1280 at 12% for 9 months
$913.50
Principal (or the original amount invested)
Interest rate in decimal form.
0.02
$115.20
1
$390
Interest earned in dollars
The p in the simple interest formula stands for...
$913.50
Principal (or the original amount invested)
Interest rate in decimal form.
0.02
$115.20
1
$390
Interest earned in dollars
The I in the simple interest formula stands for...
$913.50
Principal (or the original amount invested)
Interest rate in decimal form.
0.02
$115.20
1
$390
Interest earned in dollars
Michael is saving money to buy a car. He takes $8,000 to the bank and opens an annual certificate of deposit (CD) upon which the bank agrees to pay him 2% interest. What is the r?
$913.50
Principal (or the original amount invested)
Interest rate in decimal form.
0.02
$115.20
1
$390
Interest earned in dollars
the r in the simple interest formula stands for
$913.50
Principal (or the original amount invested)
Interest rate in decimal form.
0.02
$115.20
1
$390
Interest earned in dollars
Michael is saving money to buy a car. He takes $8,000 to the bank and opens an annual certificate of deposit (CD) upon which the bank agrees to pay him 2% interest. What is the t?
$913.50
Principal (or the original amount invested)
Interest rate in decimal form.
0.02
$115.20
1
$390
Interest earned in dollars
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