Asked by Matt
How long will it take $800 to earn $18 at 6% simple interest?
Answers
Answered by
Ms. Sue
I = PRT
18 = 800 * 0.06 * t
18 = 48t
18 = 0.375
0.375 * 12 = 4.5 months
18 = 800 * 0.06 * t
18 = 48t
18 = 0.375
0.375 * 12 = 4.5 months
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