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a person invested 1,200.00 at 7% interest for 6 years. how much interest did he receive?

  • math -

    Interest = principle * rate * time

    I = 1,200 * 0.07 * 6

    I = ?

    Note that this is simple interest.

  • math -

    at compound interest it would be

    1200(1.07)^6 = .....

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