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What is amount of money on $40,500 with 6.2 interest rate for a year
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Find the total amount if you deposit $500 at a rate of 5% for two years using simple interest.
For year one For year two I
Top answer:
To calculate simple interest, you can use the following formula: Simple Interest = Principal * Rate
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Chris put $1,500 in a savings account at an annual interest rate of 5%. If Chris does not deposit or withdraw any money, what is
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The amount of interest Chris will earn can be found by multiplying the principal (initial amount
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Please Help!
How much money, invested at an interest rate of r% per year compounded continuously, will amount to A dollars after
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15500 = Pe^(.054*5) P = 11,832.40
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When interest is compounded once a year, the formula for compound interest is A=P(1+r)t in the formula, A represents the amount
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The interest part would be P(1+r)^t - P
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chris put $1,500 in a savings account at an annual interest rate of 5%. If chris does not deposit or withdraw any money, what is
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What don't you understand about this problem?
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If Mark invests $8000 at 6% simple interest rate, how much money must he invest at an 8% simple interest rate in order for the
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500=8000*.06+M*.08 solve for M.
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If the principle is $8,500 and the rate of interest is 4% (simple interest), what is the amount of interest after one year?
A
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The formula for simple interest is: Interest = Principal x Rate x Time In this case, the principal
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If the principle is $8,500 and the rate of interest is 4% (simple interest), what is the
amount of interest after one year? A
Top answer:
To calculate the simple interest, we use the formula: Interest = (Principal) x (Rate) x (Time) where
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A student invests two sums of money at 3% and 4% interest, receiving a total of $110 in interest after 1 year. Twice as much
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Begin by calling the 3% money x and the 4% money 2x .03 x + .04 (2x) = 110
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8. If the principle is $8,500 and the rate of interest is 4% (simple interest), what is the
amount of interest after one year?
Top answer:
To find the amount of interest after one year, we can use the formula for simple interest: Interest
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