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Solve the problem.
-If and , find the exact value of .
Rate Of Interest
The percentage of the principal that will be charged for a particular period of time, normally one year.
Interest
The charge for borrowing money or the return on deposited funds, typically expressed as a percentage rate over a period of time.
Simple Annual Interest Rate
The percentage of the principal amount that will be charged or earned as interest, calculated once per year without compounding.
Investment
The allocation of resources, such as capital, with the expectation of generating an income or profit.
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