Asked by mel
Charlie wants to buy a $900 TV in 9 months. How much should he invest now at 17% simple interest to have the money in 9 months?
Answers
Answered by
Anonymous
9 months is .75 years
so interest % is 17*.75 = 12.75%
900 = 1.1275 x
x = 900/1.1275
so interest % is 17*.75 = 12.75%
900 = 1.1275 x
x = 900/1.1275
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