Can a "special point" of a graph be a relative minimum and a zero at the same time? explain
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The total interest earned is 40.75 and the final balance is 65.75
<u>Solution:</u>
Given, principle amount P = 25
Interest rate
Times compounded per year n = 12
Time in years t = 30
On substituting the values we get
Interest I = A - P [since, A = P+I]