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Question number 7 Solution is needed for this question Video Details ------------- Business Mathematics Time Value of Money - Maths #4. Illustrations - Simple Interest
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Bindhupriya S Bindhupriya S7
8500 x 12.5% x t = (10300-8500) 8500 x 12.5% x t = 1700 12.5% x t = 1700/8500 12.5% x t = 20% t = 20/1.25 t = 8/5 t = 1.6 years t = 12 months x 1.6 t = 19 months t = 1 year 7 months