Mathematics, 15.12.2020 21:40 nya6557
The formula for the amount of simple interest earned on an investment is I = Prt, where I is the interest earned, P is the principal, or amount invested, r is the interest rate as a decimal, and t is the time the investment is left in the bank (in years). Find the amount of interest earned on an investment of $4000 at 0.85% interest after 4 years.
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