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Kimmie2019
21.04.2020 •
Mathematics
Interest.
Charlie invests $325 in an account that pays 8% simple interest for 15 years.
Use the simple interest formula, I =P rt, to answer the following questions,
How much interest will Charlie's initial investment eam over the 15-year period?
How much money does Charlie have after the 15 years?
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Ответ:
Interest: $390 | Total: $715
Step-by-step explanation:
To answer the first question, we can use the simple interest formula provided:
P = initial balance
r = annual interest rate
t = time
First, change 8% into the decimal form:
8% ->
-> 0.08
Now, plug in the values:
Charlie made $390 of interest. To find the total, just add that number to $325.
Charlie's total money made was $715.
Ответ:
35x100=3500
3500/50=70
so the answer is 70%