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March 27, 2017

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Charlie wants to buy a $900 TV in 9 months. How much should he invest now at 17% simple interest to have the money in 9 months?

  • math - ,

    9 months is .75 years
    so interest % is 17*.75 = 12.75%
    900 = 1.1275 x
    x = 900/1.1275

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