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You want the amount to be obtained to be equivalent to the initial capital plus 485%. If the simple annual interest rate is 30%, calculate
You want the amount to be obtained to be equivalent to the initial capital plus 485%.
If the simple annual interest rate is 30%, calculate the term in which you will be able to obtain the desired amount. Specify clearly whether the term will be expressed in years, months or days.
Consider the simple interest rate for the calculation.
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