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suppose you deposited $300 in a savings account 4 years ago.The simple interest rate is 3.1%.The interest that you earned in those 4 years is 37.20.Which of the following is/are true?which of the following is/are true? select all that apply.A.l=37.20B.t=4c.p=3.1%D.r=300

Respuesta :

Since we know that the interest earned is 37.20 therefore

[tex]I=37.20[/tex]

We also know that you leaved the money in the account for 4 years then:

[tex]t=4[/tex]

Now, the principal was P=$300 and the interest rate is r=0.031.

Therefore the true statements are A and B.

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