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love history [14]
3 years ago
15

How much money would produce $70 as simple interest at 3.5% per annum?

Mathematics
1 answer:
yKpoI14uk [10]3 years ago
7 0

Answer:

$2000

Step-by-step explanation:

Simple Interest = $70

Rate = 3.5%

Time = 1

Principal = ?

Simple Interest = (Principal × Rate × Time)/100

Principal = (Simple Interest × 100)/(Rate × Time)

Principal = (70 × 100)/(3.5 × 1)

Principal = 7000/3.5

Principal = 14000/7

Principal = 2000

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The answer is A.

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What is the square root of -372
wel

Answer:

19.2873015 (Done by a calculator) <---- could be wrong

Step-by-step explanation:

And fun fact:

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Hope it helps!

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3 years ago
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Calculate the principal if the maturity value is $4,500 and the simple interest is $350.
suter [353]

Answer:

The principal is $4,150.

Step-by-step explanation:

We have to find the principal if the maturity value is $4,500 and the simple interest is $350.

<u>As we know that the formula for calculating the final amount or maturity amount is given by;</u>

Amount = Principal + Interest

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Amount or Maturity value = $4,500

So, the Principal = Amount - Interest

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Hence, the principal if the maturity value is $4,500 and the simple interest is $350 is $4150.

4 0
3 years ago
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2 years ago
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