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Maureen invested $950 in her bank account with an interest rate of 3%. How much interest did sheearn in 6 years?

Maureen invested $950 in her bank account with an interest rate of 3%. How much interest did sheearn in 6 years?
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Maureen invested $950 in her bank account with an interest rate of 3%. How much interest did sheearn in 6 years?

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User Azania
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1 Answer

5 votes

Step-by-step explanation

The interest Maureen derived can be gotten using


\begin{gathered} I=(PRT)/(100) \\ I=(950*3*6)/(100) \\ I=171 \end{gathered}

Answer: $171

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User DonPaulie
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