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21-03-2019
Mathematics

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If aisha deposits $2250 in a savings account that earns 3.5% annual simple interest, how long must she keep the money in the account for its total to reach $2722.50? Please show work.

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21-03-2019

The answer is 6 years because 3.5% of $2250 is 78.75 so you subtract 2722.50 by 2250 and you get 472.5. 472.5 divided by 78.75 is 6.

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