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AVprozaik [17]
3 years ago
14

paul deposited 1,200$ into an account that earns 1.5% in annual simple interest. If paul does not make any deposites or withdraw

ls how much money will paul have in his account in 2 years?
Mathematics
2 answers:
Free_Kalibri [48]3 years ago
7 0
The formula is
A=p (1+rt)
A future value?
P present value 1200
R interest rate 0.015
T time 2 years

A=1,200×(1+0.015×2)
A=1,236

Hope it helps!
aliina [53]3 years ago
5 0
1236.27 is the correct answer
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Answer:

20 is 80% of 25

Step-by-step explanation:

We assume, that the number 25 is 100% - because it's the output value of the task.

2. We assume, that x is the value we are looking for.

3. If 100% equals 25, so we can write it down as 100%=25.

4. We know, that x% equals 20 of the output value, so we can write it down as x%=20.

5. Now we have two simple equations:

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where left sides of both of them have the same units, and both right sides have the same units, so we can do something like that:

100%/x%=25/20

6. Now we just have to solve the simple equation, and we will get the solution we are looking for.

7. Solution for 20 is what percent of 25

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(100/x)*x=(25/20)*x       - we multiply both sides of the equation by x

100=1.25*x       - we divide both sides of the equation by (1.25) to get x

100/1.25=x

80=x

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