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890amb 890amb
  • 04-01-2017
  • Mathematics
Answered

an amount of 4,000 is invested. The interest rate is 2%. What is the amount earned in one year.

Verified Answer :

Kythex
Kythex Kythex
  • 04-01-2017
  1. Turn the 2% into a decimal ---> 0.02

    2. Multiply 4000 and 0.2 -----> 80

    3. Get your answer ----> $80
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