Siootolivajo4nesalo Siootolivajo4nesalo

09-01-2017
Mathematics

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Investment of $100 at 15% simple interest for 15 years

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Hilltop1108 Hilltop1108

09-01-2017

The simple interest formula is A = P(1+rt) where P is your principal, or your initial amount, r is your rate and t is your time. Substitute the knowns into the equation.We get:

A = 100(1+0.15*15) = 325

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