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Answer to Question #270660 in Financial Math for Jjjjjjjjjjjj Dahja
Question #270660
How long will Php 60,000 accumulate to Php 62, 430 if the simple interest rate agreed is 1.50%?
Expert's answer
"A=P(1+rt)"
"62420=60000(1+0.015t)"
"t=(62420\/60000-1)\/0.015=2.69" years
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