pinkgang70 pinkgang70

12-09-2020
Mathematics

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A savings account of 5,000 for 12 years simple at an annual interest rate of 6%

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enochdemigod27 enochdemigod27

12-09-2020

Step-by-step explanation:

I=(pxRxt)/100

I=(5000×6×12)/100

I=$3600

amount to be received at the end of the 12yrs

5000+3600

=8600

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