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David invested 4,000 for 2 years at a simple interest rate of 6%. How much interest did he earn?

Solution

David invested 4, 000 for 2 years at a simple interest rate of 6%. How much interest did he earn?

Solution

Interest : 480

Solution steps

Translate the problem into an equation:

I = 4000 \cdot 0.06 \cdot 2

Simplify

I = 4000 \cdot 0.06 \cdot 2

Interest : 480

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