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Use the formula for interest P=750 r=7% Y=25 A=?
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Use the formula for interest P=750 r=7% Y=25 A=?

User Ramden
by
5.4k points

1 Answer

7 votes

Answer:

2062.50

Explanation:

Interest = (Principle x rate x time)/100

Amount = Principle + interest

Principle = 750

Rate = 7%

Time = 25 years

(750 x 7 x 25)/100

= 131250/100

=1312.50

Principle = 750

Interest = 1312.50

Amount = 750 + 1312.50

Amount = 2062.50

User Charm
by
4.8k points
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