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A bank pays 1.25% interest per year. Lincoln deposited $16 500 in the bank. How many will interest would he earn after 1 year?

Respuesta :

Answer:

206.25$

Step-by-step explanation:

To find the amount of money he got, you would use this formula: l = prt

interest = principle ( 16500 ) * interest rate ( 1.25% ) * time ( 1 )

that equals 206.25$, and that is what she would earn in 1 year

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