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11 November, 19:16

Susan currently has an account balance of $1,336.60. Her initial deposit on the account was $820 and it earned 4.5% simple interest. How long has Susan held the account?

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  1. 11 November, 23:01
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    Here we need the time, so

    t = I/pr = (1336.6-820) / (820) (.045) = 14 years
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