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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 = _____.

asked
User Curt Tilmes
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8.8k points

2 Answers

2 votes
PTR/100 = 106.25 that is 5000*8.5*0.25/100
answered
User Jakub Linhart
by
7.7k points
6 votes
Hello!

The answer is,

140.25.

Hope this helps,

:)
answered
User Satyam Singh
by
8.4k points
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