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sergiy2304 [10]
3 years ago
12

Help plz :( (plz show work) 3. Nancy invested $6000 in a bond at a yearly rate of 3%. She earned $450 in

Mathematics
1 answer:
sergij07 [2.7K]3 years ago
5 0

Answer: 2years, 5 months

Step-by-step explanation:

Principal, P = $6000

Rate, R = 3%

Interest, I = $450

Time, T =?

Simple Interest, I = P x T x R/ 100

making T, subject of formula

T = 100 x I/ P x T

Substituting the values into the equation,

T = 100 x 450/ 6000 x 3

T = 45000/ 18000

T = 2.5years = 2years, 5 months

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7 0
3 years ago
If you borrow $500 for 6 years at an annual interest rate of 7% ,how will you pay all togther
Vlad [161]

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7 0
3 years ago
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