Kait159316 Kait159316

09-05-2017
Mathematics

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If randy puts $4,000 into an account that pays 2.75% for two years how much interest will he receive?

If randy puts 4000 into an account that pays 275 for two years how much interest will he receive class=

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christiannel christiannel

09-05-2017

I=PRT
I is the interest
P is the amount invested/borrowed
R is the rate (decimal)
T is the time (preferably years)

So, I=4000 • 2.75 • 2

I think you can solve that on your own.

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