find the amount in each of the following principle 2400 time 7 year interest rate 6.5
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Step-by-step explanation:
p = 2400
t = 7 yrs
R = 6.5 %
we have
interest (I) =( p×t×r)/100
= (2400 × 7 × 6.5 )/100
= 1092
now;
amount (A)= p + i
= 2400 + 1092
= 3492
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