Bima saves money in a bank amounting to with an interest of per year. After some years, Bima withdraws all his savings amounting to . Thus, the duration Bima saved his money is ....
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Bima saves money in a bank amounting to Rp15,000,000.00 with an interest of 12% per year. After some years, Bima withdraws all his savings amounting to Rp16,500,000.00. Thus, the duration Bima saved his money is ....
Given:
First, we calculate the value increase (interest earned):
The interest rate is 12% per year. Thus, the duration Bima saved (t) can be calculated as:
Converting to months:
Thus, the duration Bima saved is 10 months.