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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Interest = 2472

$74.90

2.25 percent apex

350*0.025*5 = 43.75

7% of 3,000 for 6 month

Related questions

2.25

Rate of interest.

The annual (or annualised) interest rate.

$2400

5% ($72.50) per year.

400.

It will be 160.

6 ÷ 100 × 20000 = 1200

Interest = 2472

T = 3yrs

$74.90

200 intrest