What is the total amount and the amount of interest earned on $6,500 at 6% for 25 years?
1 answer:
Here's the equation for one year: 0.06(6500) + 6500 But because it is 25 years: 25(0.06(6500)) + 6500 1.5(6500) + 6500 We can make it simpler: 2.5(6500)The total amount is $16350
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Answer:
88
Step-by-step explanation:
8x8=64
1/2(8x6)=24
64+24=88
product - result of multiplication
quotient - result of division
sum - result of addition
difference - result of subtraction
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Alright, give me a few seconds to write out the formula and process for you.