Math Problem Statement
Solve exercise 1 and 2
Solution
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Math Problem Analysis
Mathematical Concepts
Simple Interest
Compound Interest
Time Period in Interest Calculations
Formulas
Simple Interest: SI = (P * R * T) / 100
Compound Interest: A = P * (1 + R/100)^T
Logarithms to calculate time: T = log(A/P) / log(1 + R/100)
Theorems
Interest rate formula for both simple and compound interest calculations.
Suitable Grade Level
Grades 9-12
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