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March 27, 2017

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suppose you invest $500 in a savings account that pays 3.5% at an annual interest. When will the account contain $650?

  • math - ,

    I = PRT

    150 = 500 * 0.035 * t

    150 = 17.5t

    150/17.5 = t

    8.57 years = t

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