fartsonaplanet fartsonaplanet
  • 18-01-2018
  • Mathematics
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Jenny's parents deposit $15,000 for her college tuition in an account with a 3% simple interest rate. How long will it take to earn $3600 in interest?

Respuesta :

yedida
yedida yedida
  • 18-01-2018
3% of 15,000 is 450 3600 divided by 450 is 8 so 3% per year wait 8 years until interest reaches 3600
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