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LuckyWell [14K]
3 years ago
6

Find the present value of $10,000 payable in five years at 6% simple interest.

Mathematics
1 answer:
Svet_ta [14]3 years ago
6 0
We know, I = P * R * T /100
Here, P = 10,000
R = 6%
T = 5

Substitute their values into the expression,
I = 10000 * 6 * 5 /100
I = 300000 / 100
I = 300

Final Amount = Initial Amount + Interest Amount
Final Amount = 10,000 + 300 = 10,300

So, your final answer is $10,300

Hope this helps!

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7/8 + 1/4 * 5/6....no parenthesis means we do the multiplication first

7/8 + 5/24 =
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2 years ago
Alex has a price of fabric that is 56 inches long and 3 inches wide. He cuts it into pieces that are each 7 inches long and 1 in
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3 0
3 years ago
Write an equation that is parallel to y=-5/2x-5
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       Given:

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     Example answer you can use:

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6 0
1 year ago
Eight hundred registered voters were asked whether they would vote yes or no on a certain measure. If 38% of those polled said y
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To find the decimal of 62%, we will have to divide 62 by 100 to get 0.62.

0.62(800)= 496.

Therefore, 496 people will vote no.

Hope this helps!
6 0
2 years ago
Read 2 more answers
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