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28 July, 11:48

find the present value of an investment that is worth 19513.75 after earning 3% simple interest for 51/2 years answer

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  1. 28 July, 12:19
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    x + x*3%*11/2=19513.75 considering 3% interest per year for 5 and a half years

    x=8375

    Step-by-step explanation:

    x*233/200=19513.75

    x=1951375/233

    x=8375
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