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Solve for the unknown number of years in each of the following: Present Value $810 Interest Rate 8% Future Value $1,821 Years - ?

User Afghanimah
by
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1 Answer

1 vote

Answer:

15.6 years

Explanation:

I assume this is simple interest.

I = prt

I = 1821 - 810 = 1011

1011 = 810 × 0.08 × t

t = 1011/(810 × 0.08)

t = 15.6

Answer: 15.6 years

User Dzendras
by
8.7k points
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