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Lorraine invested $5500 in a savings account with a yearly interest rate of 6% for 9 years. How much simple interest did she earn?

Lorraine invested $5500 in a savings account with a yearly interest rate of 6% for 9 years. How much simple interest did she earn?
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Lorraine invested $5500 in a savings account with a yearly interest rate of 6% for 9 years. How much simple interest did she earn?

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User Clement Levesque
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1 Answer

3 votes
5500 x 6% = 330
330 x 9 = 2970
So your answer would be 2970. Hope this helps!
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User Claireablani
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