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zavuch27 [327]
2 years ago
6

If the simple interest on ​$5000 for years is ​$2400​, then what is the interest​ rate?

Mathematics
1 answer:
antiseptic1488 [7]2 years ago
3 0
4000 because of 500 and then 200
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ivanzaharov [21]
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4 0
3 years ago
Suppose $600 is compounded yearly for 20 years. If no other deposits are made, what rate is needed for the balance to triple in
denis-greek [22]

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5.65%

Step-by-step explanation:

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Time=20 years

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n=1

r=?

r= n[(A/P)^1/nt - 1]

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