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simple interest ..

A = P(1+r)t

10000 = P(1.05)5

P = 10000 / (1.05)5

P = 7835.26

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โˆ™ 2013-04-14 22:07:32
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Q: Pierce currently has 10000 What was the value of his money five years ago if he has earned 5 percent interest each year?
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