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03-11-2022
Mathematics

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Use the simple interest to find the ending balance: $27,000 at 7.3% for 8 years

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RhyseZ498409 RhyseZ498409

03-11-2022

The simple interest formula is :

[tex]A=P(1+rt)[/tex]

where A = Ending balance

P = principal amount

r = interest rate

t = time in years

From the problem,

P

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