Fred invested $25,000 at 4% simple interest. How much interest will he earn each year?

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.39TI: Areli invested a principal of $950 in her bank account with interest rate 3%. How much interest did...
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Fred invested $25,000 at 4% simple interest. How much interest will he earn each year?

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