anonymous
  • anonymous
how long will it take using simple interest for $1,200 to amount to $1,650 at 8% rounding to nearest tenth.
MIT 6.00 Intro Computer Science (OCW)
chestercat
  • chestercat
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anonymous
  • anonymous
This is basic algebra. Simple Interest formula is I = PRT, Solving for T = I/(PR) where T is the number of times interest is added. Comes out to 4.7ish.

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