How much interest is earned when the principal amount is $250, the annual simple interest rate is 1%, and the number of years is 10

Question

How much interest is earned when the principal amount is $250, the annual simple interest rate is 1%, and the number of years is 10

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Hưng Khoa 5 months 2021-08-27T22:18:57+00:00 1 Answers 2 views 0

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    2021-08-27T22:20:19+00:00

    Answer:

    250/100 X 1 = 2.5

    2.5 X 10 = 25

    $25

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