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How much will you have from your investment after four years?

How much will you have from your investment after four years?-example-1
User Shreeni
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1 Answer

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Given :

The principal = P = $2600

The simple interest rate = r = 5% = 0.05

The time = t = 4 years

so, The simple interest = I


I=P\cdot r\cdot t=2600\cdot0.05\cdot4=520

so, the answer is : after 4 years, you will have $52

User Scrowler
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