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How much simple interest would $1,500 earn in 11 months at an interest rate of 3.75%

How much simple interest would $1,500 earn in 11 months at an interest rate of 3.75%
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How much simple interest would $1,500 earn in 11 months at an interest rate of 3.75%

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User Jon Claus
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1 vote

Answer:

I = $1,500(.0375)(11/12) = $51.56

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User Shane Kenyon
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