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evablogger [386]
3 years ago
15

How long it will talk an investment of $450 to earn $200 in the interest if the yearly interest rate is 6.5% paid at the end of

each year ?

Mathematics
1 answer:
Artyom0805 [142]3 years ago
8 0
I = PRT

solve for T

T = I/PR = 200/(450×0.065) = 6.83761 years
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