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What is $1200 at 5.6% for 4 years
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What is $1200 at 5.6% for 4 years

User Rebitzele
by
7.2k points

2 Answers

4 votes
268.80 is your answer
User Lavenda
by
7.7k points
3 votes


i = prt

i = unknown

p = 1200

r = 5.6\% \: or \: 0.056

t = 4

i = 1200(0.056)4

i = (67.2)4

i = 268.8
$268.80

User Ivo Renkema
by
7.5k points
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