The interest earned at $350 at 3% for 10 years is $105
Simple interest is a method of calculating the interest charge. Simple interest can be calculated as the product of principal amount, rate and time period.
Simple Interest = (Principal × Rate × Time) / 100
Given;
P = $350
r = 0.03
t = 10 years
The interest earned;
I =I = P × r × t
I =350 × 0.03 ×10
I = $105
Therefore, the interest earned will be $105
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full1
Pronunciation
Translate full into Spanish
ADJECTIVE
1Containing or holding as much or as many as possible; having no empty space.
‘wastebaskets full of rubbish’
1.1Having eaten to one's limits or satisfaction.
See also full up below
‘she just ate till she was full up’
Containing or holding much or many; having a large number of.
‘his diary is full of entries about her’
More example sentences
1.3full
‘Anna had been full of her day, saying how Mitch had described England to her’
More example sentences
1.5Filled with intense emotion.
‘she picked at her food, her heart too full to eat’
1.6Involving a lot of activities.
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