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math

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how long will it take to earn 525$ in interest if $3500 is invested at a 6% annual interest rate?

  • math - ,

    Assuming simple interest, I = PRT
    Interest = Principal x Rate x Time

    525 = 3500(.06)T
    525 = 210T
    T = ? years

  • math - ,

    2.5 years

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