Sharla invests $275 in a simple interest bearing account for 16 years. The annual interest rate is 8%. Using the simple interest formula, I

Question

Sharla invests $275 in a simple interest bearing account for 16 years. The annual interest rate is 8%. Using the simple interest formula, I = P r t, how much interest will Sharla’s initial investment earn over the 16 year period?

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Amaya 1 month 2021-10-18T11:12:42+00:00 1 Answer 0 views 0

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    2021-10-18T11:14:26+00:00

    Answer:

    Step-by-step explanation:

    P = $ 275

    r = 8% = 8/100

    t = 16 years

    I=275*\frac{8}{100}*16\\\\I=\frac{35200}{100}\\I=352

    I =$352

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45:7+7-4:2-5:5*4+35:2 =? ( )