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GarryVolchara [31]
3 years ago
11

Tulio will invest​ $1,000,000 at​ 5% annual interest. Determine how much money will Tulio have after 10 years if the interest is

calculated using the following methods.
Mathematics
1 answer:
balu736 [363]3 years ago
5 0

Answer:

$1,500,000

Step-by-step explanation:

Given

Principal = $1,000,000

Rate = 5%

Time = 10years

Interest = PRT/100

Interest = 1000000*5*10/100

Interest = 100000*5

Interest = $500,000

Amount after 10years =  $1,000,000+ $500,000

Amount after 10years = $1,500,000

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