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liraira [26]
3 years ago
6

Find the simple interest earned by each account. $1,200 principal at 5.5% interest for 25 years

Mathematics
2 answers:
Tanzania [10]3 years ago
6 0

Answer:

$1650

Step-by-step explanation:

Simple interest=principal×time×rate/100

Principal=$1200

Time=25years

Rate=5.5%

S.I=1200×25×5.5/100

S.I=12×25×5.5

S.I=1650

So the simple interest is $1650

zhuklara [117]3 years ago
4 0

Answer:

The simple interest is $1650

Step-by-step explanation:

Simple Interest = PRT/100

where p = principal, r = rate and t = time

p = $1200, r = 5.5%, and t = 25 years

SI = (1200*5.5*25)/100

SI = 12*5.5*25

SI = $1650

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Answer:

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Step-by-step explanation:

Given data

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3 years ago
Karma was given some birthday money. She puts the money in an account. Every month after that, she deposits the same amount of m
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The answer is D I think. I'm not really good with math oof
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Nikitich [7]
<h2>First step/Equation</h2>

Answer:

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Step-by-step explanation:

A suitable calculator or finance app can find the monthly payment for you. This result comes from a TI-84 calculator.

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The second attachment shows the parameters of the payment function. With 20% down, Anthony is only financing 80% of the price of his car. Of course, there are 12 months in a year, so 4 years worth of payments will be 48 payments. The calculator uses negative values for amounts you pay.

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2 years ago
16oz=1 pound blank ounces equal 4.5 oz
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