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OpenStudy (anonymous):
After how many months will Rita pay $200 in simple annual interest on a credit card that charges 12% on her $400 balance?
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ganeshie8 (ganeshie8):
200 = P*R*T/12 200 = 400 * .12 * T/12 200 = 48 * .1 * T 200/4.8 = T
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