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dalvyx [7]
3 years ago
8

How many months does it take to earn $180 in interest on an investment of the principal is $5000 and the interest rate is 2%?

Mathematics
1 answer:
12345 [234]3 years ago
7 0

Answer:

months = 6.67

Step-by-step explanation:

time in years = interest / (principal amount x rate)

time in y = 180 / (5000 x 0.02)

time in y = 180 / 100

time in months = 12 / 1.8

months = 6.67

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