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12.12.2020 •
Mathematics
(4) Madison invested $5,000 at a rate of 7.5%. How much money did she have after 6 months?
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Ответ:
A = $5,187.50
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 7.5%/100 = 0.075 per year.
Putting time into years for simplicity,
6 months / 12 months/year = 0.5 years.
Solving our equation:
A = 5000(1 + (0.075 × 0.5)) = 5187.5
A = $5,187.50
The total amount accrued, principal plus interest, from simple interest on a principal of $5,000.00 at a rate of 7.5% per year for 0.5 years (6 months) is $5,187.50.
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