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3 October, 14:52

Your deposit 1500 in an account that earns simple interest at an annual rate of 3%. How long must you leave the money in the account to earn $900 in interest?

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  1. 3 October, 15:35
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    Interest equals RTP

    R = rate (rate has to be converted into a decimal 3% =.03)

    T = time

    P = Principal (aka: money)
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