Graduation gift of $5,000 average 2.5% interest. 3. what will the total value be after 10 years simple interest?

Tap asked Sep 11, 2023

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Tap asked Sep 11, 2023

by Tap

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10 votes

I = PRT
5000 x 0.025 x 10
= 1250
Total value = 5000 + 1250
= 6250

Rachvela answered Sep 15, 2023

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