Question

Create a Simple Interest problem and find out the time for investment in order to accumulate a fixed Interest on the money​

Answer 1

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Answer 2

Answer:

Simple Interest Formulas and Calculations:

Calculate Interest, solve for I. I = Prt.

Calculate Principal Amount, solve for P. P = I / rt.

Calculate rate of interest in decimal, solve for r. r = I / Pt.

Calculate rate of interest in percent. R = r * 100.

Calculate time, solve for t. t = I / Pr.

Explanation:

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