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Popular Word Problems >

find the simple interest on 500 at 8% for 2 years

Solution

solve for

t h e s im pl e in t eres t o n 500 a t 8% f or 2 ye a rs

Solution

Interest : 80

Solution steps

Translate the problem into an equation:

I = 500 \cdot 0.08 \cdot 2

Simplify

I = 500 \cdot 0.08 \cdot 2

Interest : 80

Popular Examples

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