Question

Find the time in which * 2,000 will amount to * 2,330 at 11% p.a.
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Answer 1

Answer:

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Answer 2

Answer:

1.5 years

Step-by-step explanation:

A=P(1+RT)

2,330=2,000(1+0.11T)

2,330/2,000 - 1=0.11T

1.165=0.11T

0.165=0.11T

0.165/0.11=T

T=1.5