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20-02-2019
Mathematics

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A $1,000 investment is made for 2.5 years at 6.25%. Find the amount of interest

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robert7248 robert7248

20-02-2019

Answer:

Amount of interest: $128.91

Total: $1,128.91

Step-by-step explanation:

You have $1,000 in for 2.5 years with an interest rate of 6.25%. This comes out to a total of $1,128.91. I have attached a graph to illustrate.

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