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4 votes
P=$500,r=5%,t=9 years

1 Answer

4 votes

Answer:

interest earned: $225

total amount: $725

Explanation:

Simple interest:

I = prt

I = $500 × 0.05 × 9

I = $225

F = future value which is principal plus interest

F = P + I

F = $500 + $225

F = $725

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