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29-10-2018
Mathematics

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How much interest is earned in one year on 5,000 at an interest rate of 3%?

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Matrixdepotato Matrixdepotato

03-11-2018

150 is the amount of interest earned for one year because the formula of PRT is, in this case 5000 times 0.03 times one which gets you the answer of 150.

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