Derek invested 1,500 into an account that pays 9% intrest compounded monthly. How long must the money be left in the account for
1 answer:
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20
Step-by-step explanation:
Step 1:
Let the number be 50 and to find 40% of 50 is given interms of expression as follows
To express the percentage the following strategy is used
Eg: 40% =
∴ To express 40% of 50 is
Step 2:
On simplification the above expression we could get
= 20