In finance, if P dollars are invested at a simple rate of r percent, then the amount A accumulated after t years is given by the formula A = P + Prt. Use this formula to solve exercises 11 and 12.
-If $500 is invested at 8%, how many years would it take to accumulate $600?

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The Answer of In finance, if P dollars are invested at a simple rate of r percent, then the amount A accumulated after t years is given by the formula A = P + Prt. Use this formula to solve exercises 11 and 12.
-If $500 is invested at 8%, how many years would it take to accumulate $600?

In Finance, If P Dollars Are Invested at a Simple