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2 November, 19:33

Find the value of t in the table I=$75 P=$500 r = 5%

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  1. 2 November, 21:43
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    We assume the applicable formula is ...

    ... I = Prt

    Dividing by Pr solves this for t:

    ... I / (Pr) = t

    ... $75 / ($500·0.05) = t = 3

    The value of t is 3.
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