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Question #51881

1 Answer

sankarankalyanam

Oct 8, 2017

Total amount #=$2,612.50#

Explanation:

#P=$1200,r=4.5,n=1# year.
Amount #A=(P+((Pnr)/100))#
#A=(2500+((2500*1*4.5)/(100))#
#A=2500+(25*4.5)=2500+112.5=$2,612.50#

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