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1 vote
How do I solve this?

How do I solve this?-example-1

1 Answer

7 votes
I = p r t
so
t = I/pr

We can then do:
500 / (4000 x 0.025) = 5 years.

We can check this by doing
4000 x 1.025^5 = 4500 ( which is roughly 500 in profit.
User Rafael Neto
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