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26-01-2022
Mathematics

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26-01-2022

Answer:

$30

Step-by-step explanation:

Use the formula:

Interest = Principal(rate)(time)

I = Prt

P = 300

r = 5%, change to a decimal by dividing by 100. 5/100 = .05

t = 2

Plugin in the numbers and multiply

I = 300(.05)(2)

I = 30

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