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dybincka [34]
3 years ago
9

What is the simple interest earned on an investment of $12,625 in mutual funds for 12 years at a rate of 4%

Mathematics
1 answer:
vfiekz [6]3 years ago
3 0

Answer:

Interest earned= $6,060

Step-by-step explanation:

Giving the following formula:

Principal (P)= $12,625

Interest (r)= 4%= 0.04

Period of time (t)= 12 years

<u>To calculate the interest earned after twelve years, we need to use the following formula:</u>

I= P*r*t

I= (12,625*0.04*12)

I= $6,060

Interest earned= $6,060

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koban [17]

Answer:

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The average rate of change of f(x) in the closed interval [ a, b ] is

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\green{ \underline { \boxed{ \sf{Average = \frac{Sum \:of \: observation}{Number \:of \: observation}}}}}

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Now,

\begin{gathered}\implies \small \sf Average =\frac{23+33+33+27+25+68+27+44+72}{9}\\\end{gathered}

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\begin{gathered}\\\implies \sf Average =\frac{116+164+72}{9}\\\end{gathered}

\begin{gathered}\\\implies \sf Average =\frac{352}{9}\\\end{gathered}

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