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Selena2345

  • 2 years ago

You invest $5000 for 1 year at 8 1/2 %. How much interest will you earn ?

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  1. chamel0305
    • 2 years ago
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    I = prt

  2. chamel0305
    • 2 years ago
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    that is the formula.

  3. Selena2345
    • 2 years ago
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    I know that

  4. Selena2345
    • 2 years ago
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    can you show your work

  5. Chlorophyll
    • 2 years ago
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    @Selena2345 then apply it, will you :)

  6. chamel0305
    • 2 years ago
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    sooo....plug the numbers into the formula. I =prt I = 5000 * 8.5 * 1

  7. chamel0305
    • 2 years ago
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    then u can figure it out simran.

  8. Selena2345
    • 2 years ago
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    I=5000x8.5x1=42500

  9. Chlorophyll
    • 2 years ago
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    @Selena2345 Pay attention to % ( 8.5%) rate!

  10. chamel0305
    • 2 years ago
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    .085.........my bad

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