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How much money should a student place in a time deposit in a bank that pays 2% compounded annually so that he will have P300,000 after 6years? |
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Answer» e simple interest earned after 3 years on $500 at an interest rate of 6%.SolutionOrganize the given information in a list.I = ?, P = $500, R = 6%, t = 3 yearsWe will use the simple interest formula to find the interest. this question may HELP you |
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