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In what time will 2700 yield the same interest at 4 per annum as 2250 in 4 years at 3 per annum?
Updated: 10/23/2024
Best Answer
Oh, what a lovely question we have here! To find the time it takes for 2700 to yield the same interest as 2250 in 4 years, we simply need to compare the interest rates. Since the interest rates are different, we can use a formula called the "interest formula" to solve for the time needed. Let's embrace the joy of solving this together!
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