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lapo4ka [179]
3 years ago
10

Find the simply interest earned on an investment of $15,000 at a rate of 5.25% for two years.

Mathematics
2 answers:
scZoUnD [109]3 years ago
4 0
Ok so you know that simple interest formula is
Simple interest= money x percent (expressed as a decimal) x time (years)
So 15,000(0.0525)2
Work from there :)
uysha [10]3 years ago
3 0
Ill show you step by step.

This is what the equation should look like 

Y=Initial value(1+/- Increasing or Decreasing value)^2 Which stands for time

So Y=15,000(1+.0525)^2

So you need to do 1.0525 to the 2nd power Which equals 1.10775625

So now you need to do 15,000(1.10775625)
------------------------------------------------------------------------------------
Which equals <span>16616 rounding to the nearest Ones

16616.3 rounding to the nearest tenth</span>
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