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Mathematics, 30.01.2020 10:59 gesteban

How much simple interest is earned on $6000 principal, with an annual interest rate of 3.7% over 5 years?

simple interest: i = p • r • t

a. $7195.24

b. $1195.24

c. $1110.00

d. $7110.00
what is 5 years as a decimal?

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