Maturity Value (P) Principal (P) Rate Time Interest (P) 1 year & 5 months 1. 1,000 3.50% 2. 0.85% 2.25 years 1,250 3. 50,000 0.005% 2,750 4. 36,700 690 5. 10.20% 25.000 950,000 6. 25.000 19,000

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter13: Sequences And Series
Section13.FOM: Focus On Modeling: Modeling With Recursive Sequences
Problem 5P
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Written Work No.3: SIMPLE INTERESTS
etions: Complete the tahla below. Show your solution on a separate sheet.
Maturity
Value (P)
Principal (P)
Rate
Time
Interest (P)
1 year & 5
months
1.
1,000
3.50%
2.
0.85%
2.25 years
1,250
3.
50,000
0.005%
2,750
4.
36.700
890
5.
10.20%
25.000
950,000
6.
25.000
19.000
Transcribed Image Text:Written Work No.3: SIMPLE INTERESTS etions: Complete the tahla below. Show your solution on a separate sheet. Maturity Value (P) Principal (P) Rate Time Interest (P) 1 year & 5 months 1. 1,000 3.50% 2. 0.85% 2.25 years 1,250 3. 50,000 0.005% 2,750 4. 36.700 890 5. 10.20% 25.000 950,000 6. 25.000 19.000
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