Asked by Mathew
Find T in years I= $500.00, R=20% and P=$2000.00
Answers
Answered by
oobleck
simple or compound interest?
simple: 2000(1+0.20t) = 500
compound: 2000(1+0.20)^t = 500
simple: 2000(1+0.20t) = 500
compound: 2000(1+0.20)^t = 500
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