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20 July, 08:56

1 - In how many months will $9000 grow to $9800 at 6% p. a.?

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  1. 20 July, 10:02
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    Step-by-step explanation:

    T = (100 * I) / (P * R)

    = (100 * 800) / (9000 * 6)

    = 80000 / 54000

    =1.48 years

    In months;

    1.48 * 12 = 17.76 months

    = 18 months
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