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Mathematics, 05.05.2021 20:10 lemusjulia2786

Suppose that you plan on investing into a account paying simple interest. The formula for simple interest is I = Prt, where I is the interest earned on a investment of P dollars, at the given rate r, over t years. If the banker tells you that the time for your investment is determine by the following t = (I)/r, would they be correct?

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