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Arithmetic Ability
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Q.
An amount of $255 was invested at 8.5% p.a. How long will it take, to the nearest year, to earn $86.70 in interest?
A.
2years
B.
3years
C.
4years
D.
5years
View Answer
Correct choice: C
Explanation:
T = (100 x I)/ (P x r)
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