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QUESTION
Basic finance says that I = PRT, where I is interest, P is the principle, R is the interest rate and T is time. If I = 3750, P = 25,000 and R = 0.05,...
Basic finance says that I = PRT, where I is interest, P is the principle, R is the interest rate and T is time. If I = 3750, P = 25,000 and R = 0.05, what is T? Manipulate formula first this time, then solve. You must show your work.
