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Posted by on Thursday, December 27, 2012 at 5:53pm.

If $1000 is invested at a 3.5% interest rate, what is the least number of years until it is worth $1200?

  • simple interest - , Thursday, December 27, 2012 at 6:01pm

    I = PRT

    200 = 1,000 * 0.035 * t

    200 = 35t

    5.714 = t

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