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Homework answers / question archive / The calculation of simple interest for a $100,000 investment at 6% interest for 5 years would be

The calculation of simple interest for a $100,000 investment at 6% interest for 5 years would be

Accounting

The calculation of simple interest for a $100,000 investment at 6% interest for 5 years would be...........?

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Computation of Simple interest;

Simple Interest= Principle* Rate * Time

= $100000*6%*5

= $30,000

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