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Back to 3.2 Solve Percent Applications

3.2 Exercise 31

Avg difficulty 2.5

Nathaly deposited $12,500 in her bank account where it will earn 4% interest. How much interest will Nathaly earn in 5 years?

I=?P=$12,500r=4%t=5years\begin{aligned}I & = & ? \\ P & = & $12,500 \\ r & = & 4 \% \\ t & = & 5 \text{years}\end{aligned}

OpenStax Elementary Algebra 2e, 3.2 Solve Percent Applications, exercise 31

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Adapted from Elementary Algebra 2e © 2020 Rice University. Licensed under CC BY 4.0. Source: Elementary Algebra 2e. Imported at revision 77a933c.