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Yanka [14]
3 years ago
8

How long will it take for a sum of 500$ attracting simple interest

Mathematics
2 answers:
Jet001 [13]3 years ago
7 0

* The answer is in the explanation below*

Simple interest is calculated only on the initial amount (principal) that you invested.

Example: Suppose you give $100 to a bank which pays you 5% simple interest at the end of every year. After one year you will have $105, and after two years you will have $110. This means that you will not earn an interest on your interest. Your interest payments will be $5 per year no matter how many years the initial sum of money stays in a bank account.

-----------------------------------------------------------------------------------------

How much will an investment of $500 be worth in the future?

Initial investment: $500

Yearly deposits: $0

Interest rate: 6.00%

Years Invested: 20

At the end of 20 years, your savings will have grown to $1,604.

You will have earned in $1,104 in interest.

----------------------------------------------------------------------------------------------

Ierofanga [76]3 years ago
3 0
T=(interest *100)/500*rate
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Answer:

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Step-by-step explanation:

x^2+xy-yx+y^2 + y^2+yz-zy+z^2 + z^2+zx-xz+x^2

First step is to put all the same ones together

( FYI, xy and yx is the same thing, just like how

2 x 3 and 3 x 2 is the same thing) this time I'll bracket the groups to make it easier on the eyes

(x^2 +x^2) + (xy - xy) +( y^2 + y^2) + (yz - yz) +

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All the others just cancel themselves out, for example, xy-xy

When anything minus themselves it will become 0

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3 years ago
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\sin(90^{\circ} - x)=\cos x=\frac{1}{3}

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