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Compute the amount of interest earned in the following simple interest problem. A deposit of $5,000 at 8.5% for 120 days =

Compute the amount of interest earned in the following simple interest problem. A deposit of $5,000 at 8.5% for 120 days =
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Compute the amount of interest earned in the following simple interest problem. A deposit of $5,000 at 8.5% for 120 days =

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User Hwnd
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i=5000*0.085*120/360=141.67
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User Jimmy Lee
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$140.25. Formula, I=Prt. Solution, I=$5000 x 8.5% x 120/360. I=5000x8.5%x0.33. I=$140.25
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User Christoph Thiede
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