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How long would it take me to earn $150 of interest at a 5% interest rate if i started with $850?

Mathematics
Kitty_KK

Kitty_KK - 26.02.2016 12:40How long would it take me to earn $150 of interest at a 5% interest rate if i started with $850?

Luke_80 - 26.02.2016 12:43I would love to help You need to use such formula: S = K * (1 + P*d/D/100)N S — $850+$150 = $1000 К — 850$ P — 6 (0.06%) N — It’s number of periods - "How long would it take". D — Number of days in the year — 365 d — number days in which you get interest (suppose every year - 365) So you need to find N! If you need more information, I can help you for a fee.

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