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After how much time will $4000 will amount to $448 at 5% rate of interest?

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After how much time will $4000 will amount to $448 at 5% rate of interest?
posted Feb 27 by Hung Ama

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tell the answer please

1 Answer

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Assuming its a simple interest -

SI = money * time * rate / 100


Time = money * rate /100 * SI

=> .446 or 5 Month 10 days (approx)

Answer: 5 Month 10 days (approx)

answer Feb 27 by Salil Agrawal

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