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2 years ago

11

Kristina received $125 for her birthday. Her parents offered to pay her 3.5% simple interest per year if she would save it for a

t least one year. How much interest could Kristina earn?

1 answer:

arsen [322]2 years ago

5 0

Answer:

4.375 a year

Step-by-step explanation:

The formula is

Interest earned= principal ×interest rate×time

I=125×0.035×1=4.375

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