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satela [25.4K]
3 years ago
12

Parker invests $1000 for 5 years at a simple rate of 10%.

Mathematics
1 answer:
Reika [66]3 years ago
7 0

Answer:

SI=PTR/100

= 1000×5×10/100

=$500

Parker will receive $500 as interest.

Amount=$500+$1000

=$1500

Parker will have $1500 altogether.

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STEPS:
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