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WILL NAME BRAINLIST!! Mr. Ramos invests $500 at a simple interest rate of 6%. How much interest will he earn in one year?

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Answer:

Your answer will be 30 Hope this helps :)

Explanation:

Time=1 year

Rate 6/100

$500 his invest

$500*6/100*1=$30

rachb435

Answer: $30

Explanation:Find an interest by using the formula I=P⋅i⋅t, where I is interest, P is total principal, i is rate of interest per year, and t is total time in years.

In this example P = $500, i = 6% and t = 1 year, so

500*0.06*1=30

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