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Nimfa-mama [501]
3 years ago
11

This is Simple Interest 7 grade Ratio and Percent Problems

Mathematics
1 answer:
erastovalidia [21]3 years ago
8 0
Formula: total = principal x (1 + (interest rate x loan time))

total = 1000 x (1 + (0.055 x 2))

total = 1000 x (1 + 0.11)

 total = 1000 x 1.11

total = $1110
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