The answer is a)
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Answer:
600,000
Step-by-step explanation:
The answer is root. Hope this helps!
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Answer:
15 years
Step-by-step explanation:
Given data
P=$1,000
R=8%
A= $2200
I= A-P
I=2200-1000
I=$1200
Applying the formula
I=PRT/100
1200=1000*8*T/100
cross multiply
1200*100= 8000T
120000= 8000T
divide both sides by 8000
T=120000/8000
T=15 years
Hence the time is 15 years