nateansell nateansell

23-11-2018
Mathematics

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invested $500 for 3 years at the investment maturity its value was 578 what was the annual Simpsonville interest rate

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Аноним Аноним

23-11-2018

I=PRT

I subtracted the 500 from the total so that I just had the interest.

78=500(3)R

78=1500R

divide both sides by 1500

R=.052

R=5.2%

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