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Artemon [7]
2 years ago
15

You have $5,000 to invest for ten years. The Bank pays simple interest at an annual rate of 5%. Calculate your balance after 10

years.
Mathematics
1 answer:
Mazyrski [523]2 years ago
3 0

Answer: $7,500

Step-by-step explanation:

Use the formula: SI = P(1 + rt)

SI = 5000(1 + 0.05[10])

SI = 5000 + 2500

SI = $7,500

After 10 years, your balance should be $7,500

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Hey there! I'm happy to help!

Let's say that we don't have jokers. In that case, there are 52 cards, and half of them are red (so 26 are red). The probability of pulling a red card once is 1/2 since half the cards are red.

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Have a wonderful day! :D

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<u>Step-by-step explanation:</u>

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3 years ago
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The answer to your question,

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<span>
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7 0
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