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jojo12g
 one year ago
help
jojo12g
 one year ago
help

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.0P=6000 R=0.015 T=5 So A=6000(1.015)^5 Try to solve it

jojo12g
 one year ago
Best ResponseYou've already chosen the best response.0do i add or multiply these numbers

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0First solve potential Then multiply the result by 6000

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0It is an exponential So you have to multiply 1.015x1.015x1.015x1.015x1.015

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0So you'll get 1.077 Then multiply it by 6000

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0No, how much is 6000x 1.077?

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0That's because 1.015^5=1.077284 So whe you multiply it by 6000 you'll get the exactly result

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Simple interest formula = PxIxN+P Where: P is the loan amount = 3000 I is the interest rate = 0.03 N is the duration of the loan, using number of periods = 5 Try to find the final amount he got here
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