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Home Q & A Board Science-Related Homework Help Mathematics
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tls043 tls043
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6 months ago
To the nearest day, how long will it take for an investment of $9,000 at 3.75% to earn interest of $250?

▸ 74 days

▸ 163 days

▸ 218 days

▸ 270 days

▸ 741 days
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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timmcgraw1994timmcgraw1994
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6 months ago
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270 days
1

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Anonymous
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#2
2 months ago
Help! The answer is missing an explanation...
Anonymous
wrote...
#3
2 months ago
Use A = PRT

250 = 9000(0.0375)T
T=0.74074 years

Convert to days where 1 year = 365 days

Therefore, ~270 days
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