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# using simple interest to find balance

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1.\$42,000 at 6% for 5 years

2.\$1,970 at 1% for 8 years

3.\$140 at 6% for 2 years

4.\$15,800 at 3% for 2 years

5.\$95 at 1% for 2 years

6.\$8,500 at 11% for 6 years

7.\$1,770 at 5% for 2 years

8.\$59,100 at 12% for 7 years

9.\$32,000 at 9% for 6 years

10.\$14,000 at 12% for 2 years

11.\$11,000 at 15% for 2 years

12.!15,500 at 12% for 5 years

Apr 26, 2023

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Do you think people here will do your homework, lazy ?

You should submit 1 question only,, and learn from that,  and then sit home all day and slug it! Got it?

I will do the first and you copy exactly what I did for the rest of them:

1.\$42,000 at 6% for 5 years

What does 6% mean? It means: 6 / 100 =0.06

42,000 x 0.06 =\$2,520 - simple interest for 1 year.

\$2,520 x 5 years =\$12,600 - simple interest for 5 years

Principal + Interest =\$42,000 + \$12,600 =\$54,600 - Balance of this investment after 5 years.

OK? You do the rest exactly as I did it. You could shorten it like this:

\$42,000 + [\$42,000 x 0.06 x 5 years] =\$54,600 - Balance of this account.

Apr 26, 2023