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OpenStudy (anonymous):
hello!!!???? can somebody please help me!?!?!!? omg!
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jimthompson5910 (jim_thompson5910):
go ahead and post the question
OpenStudy (anonymous):
jimthompson5910 (jim_thompson5910):
you'll use A = P(1+r)^t given to you
jimthompson5910 (jim_thompson5910):
in this case, P = 400 is the amount invested, r = 0.08 is the interest rate in decimal form and t is unknown. We want to reach A = 5500
jimthompson5910 (jim_thompson5910):
A = P(1+r)^t 5500 = 400(1+0.08)^t now solve for t
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