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LenaWriter [7]
3 years ago
10

Question 2

Mathematics
1 answer:
Masja [62]3 years ago
3 0

Answer:

$6909.50

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 4.2%/100 = 0.042 per year,

then, solving our equation

I = 6500 × 0.042 × 1.5 = 409.5

I = $ 409.50

The simple interest accumulated

on a principal of $ 6,500.00

at a rate of 4.2% per year

for 1.5 years is $ 409.50.

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