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Mathematics, 21.03.2020 21:10 tpowell4957

4. Peter is calculating interest earned on a deposit of $275 in an account that earns 8% simple interest after 12 years.

I=prt
I=275(.8)(12)
I=2,640

a. What did Peter do incorrectly?

b. What is the correct amount of interest?

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Answers: 2

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