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OpenStudy (oleg3321):
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OpenStudy (oleg3321):
OpenStudy (pythagoras123):
A=P(1+rt) A = Total Accrued Amount (principal + interest) P = Principal Amount r = Rate of Interest per year in decimal; r = R/100 t = Time Period involved in months or years 20000=8000(1+20r)
OpenStudy (pythagoras123):
You can solve for r to find the annual interest rate.
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