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2 years ago

11

5 hundreds. 5 tens ×10 in unit form

1 answer:

bekas [8.4K]2 years ago

8 0

You have the right answer five hundred is five times as many as ten

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$1400 at 1.25% for 3 years what is the balance of the account

grin007 [14]

Answer:

$\$1,452.5$

Step-by-step explanation:

we know that

The simple interest formula is equal to

$A=P(1+rt)$

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

in this problem we have

$t=3\ years\\ P=\$1,400\\r=0.0125$

substitute in the formula above

$A=\$1,400(1+0.0125*3)$

$A=\$1,400(1.0375)=\$1,452.5$

7 0

3 years ago