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Find the amount of time. 8. I = $2000, P = $5000, r = 8%
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Find the amount of time.
8. I = $2000, P = $5000, r = 8%

User Elgayed
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1 Answer

1 vote
1 vote

Answer:

t = 5 years

Explanation:

I = $ 2000

P = $ 5000

r = 8%


I = P * (r)/(100)*t\\\\t =( I * 100)/(P*r)\\\\t =(2000*100)/(5000*8)\\\\ = 5

User Oddmar Dam
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