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Frank invests $5100 for 8 years at a simple interest rate of 5%. How much interest will he earn? What will his total value be?

Frank invests $5100 for 8 years at a simple interest rate of 5%. How much interest will he earn? What will his total value be?
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Frank invests $5100 for 8 years at a simple interest rate of 5%. How much interest will he earn? What will his total value be?

asked
User Farhan Patel
by
8.9k points

1 Answer

9 votes

Answer:

A = P(1 + r)t

Explanation:

Or this formula:


A = P(1 + (r)/(n) )

answered
User Zoran Jeremic
by
7.8k points
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