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simple interest formula maths literacy. Year n 0 1 2 3 4 5 6 7 IInvestment 5000 5425 588612 638645 692929 751828 815734 885071 Interest 0 425 88612 138645 192929 251828 315734 385071. Beginalign A P1in fracAP 1in leftfracAPrightfrac1n 1i leftfracAPrightfrac1n-1 i textTherefore i leftfractexttext6 90430text6 110rightfrac1text7-1 text0018 text18 text per annum endalign.
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Xtra Gr 11 Maths Literacy. We can use the simple interest formula to find a formula for the amount of money A that will be in a simple interest account after t years. SI P R T 100.
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This video was created for my Gr12 learners who are uncertain about their teaching and learning time due to the Corona Virus. R and t are in the same units of time. To determine the accumulated loan amount we use the simple interest formula. Interest the amount of new money gained in the account P.
