Question

How long would it take to have 733,500 baht if your principal amount was 450,000 baht with a 9% interest rate?

Answer 1

Explanation:

Time (in years) = (733,500 baht - 450,000 baht) / (450,000 baht * 9%)

Plugging in the values, we get:

Time (in years) = (733,500 baht - 450,000 baht) / (450,000 baht * 0.09)

Time (in years) = (283,500 baht) / (40,500 baht)

Time (in years) = 7 years