Simple Interest Calculator

Calculate Simple Interest

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Question

How much interest would an original $500 deposit earn at 5% per year simple interest after 14 months?

Answers

Explanations

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A. B. C. D. E.

A

The question only asks for the interest, not the ending balance. On the BAII Plus, press 500 x 0.05 x 14 divide 12 = to see the answer. On the HP12C, press 500

ENTER 0.05 x 14 x 12 divide to see the answer.