Show any equations/calculations that lead to your answers. 1. Find the simple interest earned by a deposit of $5,280 at 7% simple interest for 12 years.

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Show any equations/calculations that lead to your answers.
1. Find the simple interest earned by a deposit of $5,280 at 7 % simple
interest for 12 years.
Transcribed Image Text:LAMCH 5 Test A 20-21 - Google X E Lam CH 5 Review problems - Go X +. ncxi3oDjWSoILVXto59Dpp4/edit RendallStudents -h... G Home Schoology Quiz | ReadTheory Classroom M Frontier Aca demy.. 9 8th grade Request edit access LAM CH5 Test Name Date Block Show any equations/calculations that lead to your answers. 1. Find the simple interest earned by a deposit of $5,280 at 7 % simple interest for 12 years.
CH 5 X
A LAM CH 5 Test A 20-21 - Google X
E Lam CH 5 Review problems - Go X
CMACDO SvXhcxi3oDjWSolLVXto59Dpp4/edit
scienc. RendallStudents -h.
G Home Schoology i Quiz | ReadTheory A Classroom
M Frontier Aca demy...
8th grade-
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Name
Date
Block
Show any equations/calculations that lead to your answers.
1. Find the simple interest earned by a deposit of $5,280 at 7, % simple
interest for 12 years.
Transcribed Image Text:CH 5 X A LAM CH 5 Test A 20-21 - Google X E Lam CH 5 Review problems - Go X CMACDO SvXhcxi3oDjWSolLVXto59Dpp4/edit scienc. RendallStudents -h. G Home Schoology i Quiz | ReadTheory A Classroom M Frontier Aca demy... 8th grade- Request edit access lity LÀM CH5 Test Name Date Block Show any equations/calculations that lead to your answers. 1. Find the simple interest earned by a deposit of $5,280 at 7, % simple interest for 12 years.
Expert Solution
Step 1

GIVEN DATA : Deposit amount =$5280 

Rate of interest =718%

Time=12years

TO FIND : Simple interest at 718% for 12 years.

Simple interest is the determined by dividing the product of daily interest rate by the principal by the number of days that elapse between payments with 100

Simple Interest=Principal×Time×Rate of inetrest100                                               1

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