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I = $125 r = 6% t = 1
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I = $125 r = 6% t = 1

User PASUMPON V N
by
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1 Answer

3 votes

Answer:


\$ 117.92

Explanation:

Use simple interest formula.


I = P (1 + rt)


125 = P (1 + 0.06(1))


125 = P (1.06)


125/1.06=P


117.924528=P

User Liam Bigelow
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