OpenStax, Prealgebra 2e §6.4 Solve Simple Interest Applications · Exercise 35 · Algebra · Algebra word problems

Solve Simple Interest Applications · Exercise 35

Solve the problem using the simple interest formula.

Caitlin invested $\$ \text{8},\text{200} $inan$ \text{18}-\text{month} $cer t i f i c a t eo f d e p os i tp a y in g$ \text{2}.\text{7}\%$ interest. How much interest did she earn form this investment?

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OpenStax, Prealgebra 2e · §6.4 Solve Simple Interest Applications · Exercise 35

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