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14-05-2018
Mathematics

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Compute the amount of interest earned in the following simple interest problem. A deposit of 4,500 at 5% for 3 years

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Paleoistic Paleoistic

14-05-2018

4,500 x .05 = 4275
4,275 x .05 = 4061.25
4,061.25 x .05 = 3858.1875
answer is 3,858.18

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