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Anonymous Anonymous
  • 12-05-2016
  • Mathematics
Answered

What are the three elements to calculate simple interest

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TheHealingHealer
TheHealingHealer TheHealingHealer
  • 12-05-2016

Simple interest is found by multiplying the amount of money deposited, the rate ( like .05 per month ) , and the time it will be in the bank ( one moth, 5 months, a year, etc. ).

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