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$40 is deposited into a credit union that offers a 10% simple interest rate per year for 15 years. How much interest will be earned during any one of the years the money is deposited?(1 point)

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Answered by GPT-5 mini AI
Simple interest each year = principal × rate = $40 × 0.10 = $4.

So $4 of interest is earned in any one year.