Question 1154683
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<pre>

5000 = x*(1 + 0.06*0.5).    <<<---=== in this formula, 0.5 represents 6 months (0.5 of an year).


5000 = x*1.03


x = {{{5000/1.03}}} = 4854.37 dollars.    <U>ANSWER</U>
</pre>

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On simple interest, &nbsp;see solved problems in the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Simple-interest-percentage-problems.lesson>Simple interest percentage problems</A> 

in this site.