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Popular Word Problems >

Find the final value if 9000 is invested for 4 years at 12% p.a.

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Solution

solve for thefinalvalueif9000isinvestedfor4yearsat12%p.a.

Solution

Amount:13320
Solution steps
Translate the problem into an equation:A=9000(1+0.12⋅4)
9000(1+0.12⋅4)=13320
Amount:13320

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