p=10000 r =4% t= 1 week s.i =?
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Answer:
First, converting R percent to r a decimal
r = R/100 = 3.875%/100 = 0.03875 per year,
then, solving our equation
I = 10000 × 0.03875 × 5 = 1937.5
I = $ 1,937.50
The simple interest accumulated
on a principal of $ 10,000.00
at a rate of 3.875% per year
for 5 years is $ 1,937.50.
Step-by-step explanation:
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Sᴏʟᴜᴛɪᴏɴ:
sɪ » ᴘ×ʀ×T » 10000×4×1 »»» 400
100 100
༄Hᴇɴsᴇ, sɪ ➪ 400 ★
Mᴀʀᴋ ᴀs ʙʀᴀɪɴʟɪsᴛ
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