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Simple Interest is calculated by using Principal x Rate x Time. Find the Interest on $650.45 deposited in a bank for 10 years at an interest rate of 5%.I = PrtI = (650.45)(0.05)(10)I = 325.225I say the Interest is $325.23.
Simple Interest is calculated by using Principal x Rate x Time. Find the Interest on $650.45 deposited in a bank for 10 years at an interest rate of 5%.
I = Prt
I = (650.45)(0.05)(10)
I = 325.225
I say the Interest is $325.23.
