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July 28, 2014

July 28, 2014

Posted by **Troy** on Sunday, December 5, 2010 at 3:08pm.

- Transitional Math -
**MathMate**, Sunday, December 5, 2010 at 3:55pmAssume simple interest.

So for $10,000, the annual interest is $10,000*0.05=$500.

Number of years = $2500/$500 = 5 years.

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