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Please help me with these problems ​

Please help me with these problems ​-example-1
User Macho
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Explanation:

Q1

Finding amount of money of the interest (2.5%)

5000 × 0.025 = $125 per year

Since he left the money in for 10 years

125 × 10 = $1250

Add that with the original amount of money

1250 + 5000 = $6250

Q2

Finding the amount of money of the charge (4.5%)

45000 × 0.045 = $2050 year

Since she has been paying off the loan for 20 years

2050 × 20 = $40500

Add that with the original loan to find the amount that she has to pay in TOTAL

40500 + 45000 = $85500

User Matto
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