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Lelechka [254]
3 years ago
5

How many simple interest accrues on a $5,000 loan at 8% for 18 months?

Mathematics
1 answer:
katen-ka-za [31]3 years ago
5 0

Answer:

$600

Step-by-step explanation:

A = P(1 + rt)

P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.

A= 5,000(1+ 0.08x1.5) = $5600

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This is due in 10 minutes please help me
valkas [14]

Given:

The rate of interest on three accounts are 7%, 8%, 9%.

She has twice as much money invested at 8% as she does in 7%.

She has three times as much at 9% as she has at 7%.

Total interest for the year is $150.

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Suppose x be the amount invested at 7%. Then,

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Dividing both sides by 50, we get

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The amount invested at 9% is

3(300)=900

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The number by which the dividend is being divided? Means?
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