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Keith_Richards [23]
3 years ago
9

An amount of $4000 is invested. The interest rate is 2%. What is the amount earned in one year ?

Mathematics
1 answer:
nasty-shy [4]3 years ago
6 0
Interest = PRT/100
Compound interest = P(1 + (R/100))^T

Where P = Principle ( amount )
R = Rate
T = Time

Since the time is only 1 year, the answer will be the same for both interest and compound interest formulae.

∴ 4000(2)(1)/100 =$80 (This is the interest value)

Note if question ask you what is the total amount after x years, be sure to add the interest with the principle.
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Circle 1 is centered at (−4, 5) and has a radius of 2 centimeters. Circle 2 is centered at (2, 1) and has a radius of 6 centimet
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3 0
3 years ago
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hram777 [196]
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8 0
3 years ago
a large box contains 18 small boxes and each small box contains 25 chocolate bars how many chocolate bars are in the large box?
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6 0
3 years ago
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4 math problem
Aneli [31]

Answer:

Step-by-step explanation:

1)y=-6x-14   ---------(i)

-x-3y=-9  ---------- (ii)

Substitution method:

Substitute y  value in equ (i)

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-x - 3*-6x -3*(-14)= -9

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17x = -51

x = -51/17

x = -3

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y = -6*-3 -14

y =18-14

y = 4

6 0
3 years ago
Read 2 more answers
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