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Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
step 1
Find the rate of interest
in this problem we have
substitute in the formula above and solve for r
The rate of interest is 
step 2
Find the sum of money that will amount to 25,500 in 5 years, at the same rate of interest
in this part we have
substitute in the formula above and solve for P
2002=25,160
2001=22,644
2000=19,926.72 (need to round to 19,926)
2001:
25,160/10=2516
25,160-2516
2000:
22,644/10=2,264.4 (10%)
2,264.4/5=452.88 (2%)
2,264.4+452.88=2717.28 (12%)
22,644-2717.28=19.926.72
Answer:
-2 greater than -5.
Step-by-step explanation: