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June 25, 2016

Homework Help: simple interest

Posted by victoire on Wednesday, March 28, 2007 at 12:04pm.

What is the amount after 1 year on $315 invested at 7%, if interest is simple interest?

Multiply $315 by .07 to find the interest earned. Add this figure to $315 to find the total at the end of one year.

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