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OpenStudy (anonymous):
After how many months will Rita pay $100 in simple annual interest on a credit card that charges 16% on her $500 balance?
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hero (hero):
I = PRT
OpenStudy (anonymous):
??
hero (hero):
You've never seen that formula before?
hero (hero):
I = interest P = Principle R = Rate T = Time I = 100 P = 500 R = .16 T = ?
OpenStudy (anonymous):
2?
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hero (hero):
I get 1.25 years for t. How many months is that?
OpenStudy (anonymous):
15 lol
hero (hero):
Good job
hero (hero):
This is what you're studying in economics?
OpenStudy (anonymous):
No this isn't economic's lol I'm helping my friend with math but i havent done this in a while.
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hero (hero):
Well, glad to help you out
OpenStudy (anonymous):
I need help
OpenStudy (anonymous):
ya me tooo
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