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1 year ago

An investor puts $1760.25 into

Mathematics

1 answer:

Xelga [282]1 year ago

5 0

The investor should expect $1716.24375 at the end of 15 years .

Formula for calculation of Simple Interest :

Simple Interest = ( Rate * Principal * no . of years ) / 100 , when no additional investment is made .

Here , principal = $1760.25 , rate = 6.5 , no . of years = 15 .

Substituting values in formula above ,

SI = ( 6.5 * 1760.25 * 15 ) / 100

= 1716.24375

Hence , the investor should expect $1716.24375 at the end

of 15 years .

To learn more on simple interest follow link :

brainly.com/question/25793394

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