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Licemer1 [7]
3 years ago
10

1000.00 at 2.5 percent interest for 4 years​

Mathematics
1 answer:
kramer3 years ago
3 0

Answer:

$4100

Step-by-step explanation:

To find the total amount of money, the formula is: principle money × interest rate + 100% × amount of time.

Total amount of money = 1000.00 × \frac{100+2.5}{100} × 4

                                       = 1000.00 × \frac{102.5}{100} × 4

                                       = $4100

If you want to find the interest earned, just deduct the principle amount from the total.

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Answer:

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Step-by-step explanation:

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Step-by-step explanation:

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Step-by-step explanation:

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