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A: Given that P = 1000, A = 950 and n = 2
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A:
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A: Given : If the amount that $1000 will purchase is only $930 after 2 years. To find the…
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Q: Sam invests $2,000 in an account with an interest rate of 6.7% compounded annually for 3 years. What…
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Q: 9. DETAILS Calculate the amount of simple interest earned. $1,000 at 4% for 7 years
A: Given that, Principal amount,p =$1000 Interest rate, r = 0.04 Time period,t = 7 years The formula…
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