Selena2345
You invest $5000 for 1 year at 8 1/2 %. How much interest will you earn ?



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chamel0305
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I = prt

chamel0305
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that is the formula.

Selena2345
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I know that

Selena2345
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can you show your work

Chlorophyll
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@Selena2345 then apply it, will you :)

chamel0305
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sooo....plug the numbers into the formula.
I =prt
I = 5000 * 8.5 * 1

chamel0305
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then u can figure it out simran.

Selena2345
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I=5000x8.5x1=42500

Chlorophyll
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@Selena2345 Pay attention to % ( 8.5%) rate!

chamel0305
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.085.........my bad