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Calculating the Time an Investment Earned Interest
Hector puts a principal of $5,...
Mathematics, 22.05.2020 23:00 jairus34
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Calculating the Time an Investment Earned Interest
Hector puts a principal of $5,600 in a savings account with a simple interest rate of 8%. After several years, he
withdraws the balance of $11,424. How many years did he leave his investment in this particular savings account?
Simple interest: I = P I
11 years
12 years
NS
13 years
14 years
Answers: 3
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