Asked by charlotte

How much is 5% simple interest on $100,000 from June 6 2009 until Oct 1 2012?
Answered by kathy
50000
Answered by Steve
the interest is 5000/year

June 6 2009 to Oct 1 2012 is roughly 3.3 years.

interest is thus 3.3*5000 = 16500
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