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Level J > M.10 Simple interest YAT
) Deion has $53,562 in a savings account that earns 14% annually. The interest is not
compounded. To the nearest dollar, how much interest will he earn in 1 year?
)) Use the formula i = prt, where i is the interest earned, p is the principal (starting
amount), r is the interest rate expressed as a decimal, and t is the time in years.
-)) Round your answer to the nearest dollar.
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