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ikrabbe ikrabbe
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6 years ago
An investment of $12 000.00 earns an interest of $480.00. Calculate the time in months if the interest rate is 6%.
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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wrote...
6 years ago
P = 12 000; I = 480; r = 0.06
t =   = 0.  (12) = 8 months
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