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Svetach [21]
3 years ago
12

If I earn 3% simple interest for 10 years on $500, I will earn:

Mathematics
1 answer:
valina [46]3 years ago
7 0

Answer:

$150

Step-by-step explanation:

Simple interest for any principal amount p , rate of interest r and time t is given by

Simple interest = (p*r*t)/100

_________________________________

Given

p =$500

r = 3%

t = 10 years

Therefore SI = $500*3*10/100 = $150.

$150 is earned in 10 years at 3% simple interest on $500.

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kherson [118]

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First, we need to clear some concepts on how to fetch input and output from the function graph.

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We know that the y-intercept of the graph function can be determined by setting x = 0 and determining the corresponding y-value.

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Determining the x-intercept:

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