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posted by Bob on Sunday, January 20, 2013 at 4:01pm.
suppose you invest $500 in a savings account that pays 3.5% at an annual interest. When will the account contain $650?
I = PRT 150 = 500 * 0.035 * t 150 = 17.5t 150/17.5 = t 8.57 years = t
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