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22-02-2018
Mathematics

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You want to put 8,000 in a simple interest account. It has a 2% annual interest rate. How long must you invest that money to earn 400 in interest

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Dominate Dominate

22-02-2018

I = 400
400=8000*0.02*t
400/(8000*0.02) =t
400/160=t
2.5 = t
2 1/2 years

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