s688656 s688656

23-03-2021
Mathematics

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How much does a $90 investment earn in interest at a yearly rate of 15% over the course of 1 year?
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hantoy0606 hantoy0606

23-03-2021

Answer:

$13.50

Step-by-step explanation:

You can use the simple interest formula here: I(interest)=P(principal amount)r(interest rate)t(years). I=Prt. So just plug in the numbers. I=90x.15x1=13.5

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