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# Sasha invested money in her bank account. She had a principal, P, of $100 in her account at the beginning of the period, which inc

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Sasha invested money in her bank account. She had a principal, P, of $100 in her account at the beginning of the period, which increased at a rate, r, of 0.15 per year. At the end of the period, she had interest, I, of $120 in her account. Use the simple interest formula 1 = Prt, to solve for the time, t, in months that it took to earn this amount.

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Math High School
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2023-01-24T03:21:58+00:00
2023-01-24T03:21:58+00:00 1 Answer
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16 monthsto the interest of $20What is simple interest?Simple interestis determined as the principal multiplied by the rate of interest and time the principal has been invested for.initial investmentof $100 has turned $120 at the end of the period which means that thesimple interestin dollar terms is $20simple intereston:https://brainly.com/question/15841407