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Mathematics
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Simple Interest
how long will it take a sum of money to tripple itself at 16%p.a simple interest
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how long will it tskr a sum of monry yo tipple itself at 16% per annum simple interest
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Mr. Simpson deposits his money in a savings account at the Springfield Bank. Would he earn more money with simple interest or
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D Compound interest earns more because the amount on which interest is paid increases over time.
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how long will it take a sum of money to tripe itself at (i) 9.5% compound interest and (ii) 9.5% simple interest?
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3=1(1.095)^t assuming compounding annually. ln3=t*ln(1.095) solve for t. ii) when does t*(1.095)=2 ?
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how long will it take of a sum of money invested at 80% simple interest the original sum. then solve it.
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first, 80% interest is too weird to be real. second, I can't quite figure out just what you're
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How long will it take for a sum of money to double itself at 10% simple interest?
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P = Po + Po*r*t = 2Po. Po + Po*0.1*t = 2Po Divide by Po: 1 + 0.1t = 2. 0.1t = 1. t = 10 Years.
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A sum of money when invested for a definite period at r% simple interest will yield an interest of rm80 .using the same interest
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To begin, let's break down the given information: Principal amount (P) = unknown Interest rate (r) =
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Daniel deposit a certain sum of money in a bank.if the simple interest rate of the bank decreases from 15/4% and 7/2% per annum,
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Let the sum of money that Daniel deposits be x. According to the problem, the increase in interest
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Find the sum of the simple interest on a sum of money at 8% per annum for 6 years in half the sum.
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Let the sum of money be S. The simple interest formula is: Simple Interest = (Principal x Rate x
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a sum of money invested at a simple interest rate R increases to 5/3 times the original sum after 5 years. The value for R is?
Top answer:
1+5r = 5/3 5r = 2/3 r = 2/15 = 0.1333 = 13.3%
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1. Mr. Thimbrel borrowed $5,600 from the bank at 8.5% per annum simple interest for 6 years. Calculate:
a) The sum of money paid
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(a) i = Prt = 5600 * 0.085 * 6 (b) 5600 + (a) (c) (b)/72
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Mrs Ricky borrowed $5,340 at a bank at 9.5% per annum simple interest for 5 years.
(A) the sum of money paid in interest to the
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Start with this formula: Interest = Principle * Rate * Time
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