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What does the I stand for in the interest formula?
$589
0.074
$15,785
$34.30
interest
$270
the amount of money borrowed or deposited
0.493
How much interest is earned for $1,900 at 6.2% for 5 years?
$589
0.074
$15,785
$34.30
interest
$270
the amount of money borrowed or deposited
0.493
What does the word principle mean in the interest formula?
$589
0.074
$15,785
$34.30
interest
$270
the amount of money borrowed or deposited
0.493
Mr. Potato Head has $410,000 in a retirement account that earns 3.85% simple interest each year. Determine the amount earned each year by this investment.
$589
0.074
$15,785
$34.30
interest
$270
the amount of money borrowed or deposited
0.493
What is the interest if you borrow $350 at a rate of 4.9% for 2 years?
$589
0.074
$15,785
$34.30
interest
$270
the amount of money borrowed or deposited
0.493
Calculate the BALANCE if the principle is $250, the rate is 8% and the time is 1 year.
$589
0.074
$15,785
$34.30
interest
$270
the amount of money borrowed or deposited
0.493
Write 49.3% as a decimal.
$589
0.074
$15,785
$34.30
interest
$270
the amount of money borrowed or deposited
0.493
What is the percentage 7.4% written as a decimal?
$589
0.074
$15,785
$34.30
interest
$270
the amount of money borrowed or deposited
0.493
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