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2 years ago

6

2. For a simple interest rate of 10%, p.a calculate the number of year's needed for an interest of $1149.60 to be earned on an i

nvestment of $2874

1 answer:

azamat2 years ago

7 0

Answer:

r=10%

I=1149.60

P=2874

t=(I×100)/(p×r)

(1149.60×100)/(2874×10)

114960÷28740

4 years

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