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OpenStudy (r_josh10):
OpenStudy (ribhu):
@hailyokay
OpenStudy (r_josh10):
@Jamielynne
OpenStudy (ribhu):
use PRT/100 = simple interest
OpenStudy (ribhu):
where P= pricipal
R= rate of interest
T=time in yrs
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OpenStudy (solomonzelman):
For 1 year the interest would be: \(\large\color{slate}{ 7000\times(0.04) }\)
For 2 years the interest would be \(\large\color{slate}{ 7000\times(0.04) \times2 }\)
For n years the interest would be \(\large\color{slate}{ 7000\times(0.04) \times n }\)
OpenStudy (solomonzelman):
so if this interest is equal to 840.... then n =?
OpenStudy (anonymous):
idk srry :( I am not a EXPERT at math
OpenStudy (r_josh10):
Lol it ok @Jamielynne
OpenStudy (solomonzelman):
you will get there, @Jamielynne . I am not any good at it either.
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OpenStudy (anonymous):
LOL thx y'all
OpenStudy (solomonzelman):
So, Josh, do you understand the set up for this problem?
OpenStudy (r_josh10):
kinda
OpenStudy (solomonzelman):
do you see why \(\large\color{slate}{ 7000\times(0.04) \times n }\) is an expression that represents the (entire) simple interest for \(\large\color{slate}{ n }\) years?
OpenStudy (r_josh10):
yes thanks
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