Question: If interest is compounded at 20% per year, how long will it take for $50,000 to accumulate to $86,400?
If interest is compounded at 20% per year, how long will it take for $50,000 to accumulate to $86,400?
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Answer 3 years Explanation Given principle P 50000 Rate of Interest R 20 Amount accum... View full answer
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