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Please I need help ASAP 40. Points

Please I need help ASAP 40. Points
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Please I need help ASAP 40. Points

Please I need help ASAP 40. Points-example-1
User Tonko Boekhoud
by
7.9k points

1 Answer

1 vote

Total owed = starting amount x( 1 + interest rate) ^ time

The equation would be total = 550(1.12)^x where x is the number of months.

Replace total with 550x2 = 1100 and solve for x

It will double in 6.11 months. Round to 6 months

User Jdiaz
by
8.1k points
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