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Popular Word Problems >

James invests 15,000 at 10% simple interest for 3 years. How much interest did James earn over the 3 years?

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Solution

Jamesinvests15,000at10%simpleinterestfor3years.HowmuchinterestdidJamesearnoverthe3years?

Solution

Interest:4500
Solution steps
Translate the problem into an equation:I=15000⋅0.1⋅3
Simplify I=15000⋅0.1⋅3
Interest:4500

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