Sancheztyson2626viz
Answered

2. Imera deposited 5000 in a bank which gives 12% interest in one year. how much the interest will Imera get after year? ​

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VerifiedAnswererviz

PROBLEM

Imera deposited 5000 in a bank which gives 12% interest in one year. how much the interest will Imera get after year?

ANSWER

  • 600 interest

To find how much interest will Imera get after year, let interest is equal to principal multiply by rate and multiply by time.

  • [tex] \tt I = Prt[/tex]

Given:

  • Interest = ?
  • Principal =5000
  • Rate = 12%
  • Time: 1 year

We just need to convert 12% into a decimal form. By definition p% = p/100.

  • [tex] \tt 12\% = \frac{12}{100} \div 4 = \frac{3}{25} \approx0.12[/tex]

Now, let us solve using the formula for finding its interest.

  • [tex] \tt I = Prt[/tex]
  • [tex] \tt I = (5000)(0.12)(1)[/tex]
  • [tex] \tt I = 600[/tex]

Therefore, thre are 600 interest will Imera get after year.

MrxPrinklesMellonviz

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[tex] \LARGE\boxed{\sf THE \: PROBLEM \: NO.(2)}[/tex]

[tex] \huge\tt{GIVEN:} [/tex]

[tex] \tt{r \: = \: 2m} [/tex]

[tex] \large\sf{I \: = \: PRT:} [/tex]

  • Interest = ?
  • Principal =5000
  • Rate = 12%
  • Time: 1 year

Just translate the 12% into a decimal form and the 12% will be changed and it will be decimal form 0.12

  • 12% = 0.12

[tex] \tt{ANSWER:} [/tex] [tex] \boxed{ \tt 50.24 \: m² } [/tex]

EXPLANATION:

To get the answer just multiply imera's 5,000 deposit by 12% interest in one year but change 12% so make it 0.12 so the answer will be 600.

  • 0.12 x 5,000 = 600

Therefore, the answer is 600

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