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

An amount of 4,000 is invested. The interest rate is 2%. What is the amount earned in one year.
asked 98.6k views
4 votes
An amount of 4,000 is invested. The interest rate is 2%. What is the amount earned in one year.

asked
User Ragy Isaac
by
7.6k points

1 Answer

1 vote
1. Turn the 2% into a decimal ---> 0.02

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

3. Get your answer ----> $80
answered
User Roslyn
by
8.4k points
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