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yanalaym [24]
3 years ago
11

An amount of money earned #24 in 4 years at a rate of 5% per year simple intrest. what was the amount of money

Mathematics
1 answer:
sattari [20]3 years ago
4 0

Answer:

4.8

Step-by-step explanation:

simple interest=Principal ×time×rate ÷100

=24×4×5÷100

=4.8

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Finding 2.2$ of $75k : 75,000 x 0.022 = $1,650 (also the increase in one year)

Finding how much it was worth after 11 years :

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