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6.4: Solve Simple Interest Applications - Mathematics
WebFinance questions and answers. 1. Bob has $2,500 invested in a bank that pays 4.2% annually. How long will it take to double?2. What's the present value of a perpetuity that pays $2,200 per year if the appropriate interest rate is 5%?3. You want to buy a new sports car 3 years from now, and you plan to save $4,800 per year, beginning one year ... WebSimple interest is calculated only on the initial amount (principal) that you invested. Example: Suppose you give $ 100 to a bank which pays you 5% simple interest at the … bohemians v shelbourne
Suresh invested Rs. 500 in SBI for 2 years. He also invested
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