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$700 is invested for a year. If the yearly interest rate is 4.5%, how much interest is earned in one year?

$700 is invested for a year. If the yearly interest rate is 4.5%, how much interest is earned in one year?
asked 44.8k views
17 votes
$700 is invested for a year. If the yearly interest rate

is 4.5%, how much interest is earned in one year?

asked
User Krebstar
by
7.6k points

1 Answer

5 votes

Answer:

the interest amount is $31.50

Explanation:

700 multiplied by 0.045 =31.5

answered
User Artem Astashov
by
7.3k points
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