What will the total value of an investment of $5000 be if it has an interest rate of 7% and is invested for 20 years?
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Answer:
SI=Rs.7000
Amt=Rs.12,000
Step-by-step explanation:
If it is in Simple Interest:
SI=p*r*t/100
=5000*7*20/100
=7000=SI
Amount=(7000+5000)/-
Amt=Rs.12,000
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