cutepie24 cutepie24

01-07-2016
Mathematics

Answered

hi there can anyone help me out with this please

hi there can anyone help me out with this please class=

Verified Answer :

mathmate mathmate

09-07-2016

Simple interest,
FV=P(1+ni)
FV=future value=2500
P=present value, invested amount
n=number of years, =3
i=annual interest rate, =0.095
2500=P(1+3(0.095))
Solve for P.

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