In how many years will a sum of money become 5 times at 8 p.A. Simple interest
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Answer:
63 years
Explanation:
i used an example...
firstly use the formula for simple interest...
which is = PRT
USE P AS 1000 AND THE ANSWER AS 5000
THIS IS BECAUSE ANSWER NEEDS TO BE 5 TIMES
1000*8%*t = 5000
t = 63 YEARS
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