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04-09-2018
Mathematics

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Robert invests $3,250 into a money market account with an annual 1.7% simple interest rate. If he does not add or subtract any money, how much interest will he earn after three years?

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Аноним Аноним

04-09-2018

I = PRT/100 where P = pricipal, R = rate and T = number of years. I = interest.

So answer is (3250 * 1.7 * 3) / 100 = $165.75

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