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Gnesinka [82]
3 years ago
9

Convert to an exponential equation. log 5 125= 3

Mathematics
1 answer:
Ann [662]3 years ago
8 0

Answer:

41.6

Step-by-step explanation:

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Mr. Smith borrowed $22,000 to purchase stock for his baseball card shop. He repaid the simple interest loan after four years. He
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Based on the calculations, the interest rate on the stock in four (4) years is equal to 7.1%.

<u>Given the following data:</u>

Amount borrowed (Principal) = $22,000.

Simple interest, I = $78.40.

Time = 4 year.

To determine the interest rate on the stock in four (4) years:

<h3>How to calculate simple interest?</h3>

Mathematically, simple interest can be calculated by using this formula:

I = PRT

<u>Where:</u>

  • S.I is the simple interest.
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  • T is the time measured in years.

Making R the subject of formula, we have:

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Read more on simple interest here: brainly.com/question/24341207

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