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math

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How much is 5% simple interest on $100,000 from June 6 2009 until Oct 1 2012?

  • math -

    50000

  • math -

    the interest is 5000/year

    June 6 2009 to Oct 1 2012 is roughly 3.3 years.

    interest is thus 3.3*5000 = 16500

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