Lesson Plan -- Simple and Compound Interest
E@)584- Computing Simple Interest Earned Dianna deposits $725 into a savings account that pays 2.3% simple annual interest. How much interest will Dianna earn after 18 months? Solution In the simple interest formula, time is measured in years. Write 18 months as } 18 12, or 1.5 years. Write the annual interest rate as a decimal. ................
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