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Today, 11:15

A principle of $20,000 is invested at $6.25 and earns $10,000 simple interest how long has the money been invested

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  1. Today, 11:43
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    1600

    Step-by-step explanation:

    Assuming $6.25 is the interest earned annually,

    Let n be the no. of years

    Then,

    6.25 * n = 10000

    n = 10000/6.25

    n = 1600
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