jojo12g
  • jojo12g
help
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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jojo12g
  • jojo12g
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anonymous
  • anonymous
P=6000 R=0.015 T=5 So A=6000(1.015)^5 Try to solve it
jojo12g
  • jojo12g
do i add or multiply these numbers

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jojo12g
  • jojo12g
k
anonymous
  • anonymous
First solve potential Then multiply the result by 6000
jojo12g
  • jojo12g
6.000 x 1.015
anonymous
  • anonymous
No first (1.015)^5
anonymous
  • anonymous
How much is it?
jojo12g
  • jojo12g
5.075
anonymous
  • anonymous
It is an exponential So you have to multiply 1.015x1.015x1.015x1.015x1.015
jojo12g
  • jojo12g
yes its is
jojo12g
  • jojo12g
i think its d
anonymous
  • anonymous
So you'll get 1.077 Then multiply it by 6000
jojo12g
  • jojo12g
is d correct
anonymous
  • anonymous
No, how much is 6000x 1.077?
NEHEMIAS123
  • NEHEMIAS123
6462
jojo12g
  • jojo12g
6462
anonymous
  • anonymous
Yes so it's b
jojo12g
  • jojo12g
k thanks
jojo12g
  • jojo12g
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anonymous
  • anonymous
That's because 1.015^5=1.077284 So whe you multiply it by 6000 you'll get the exactly result
anonymous
  • anonymous
Simple 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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