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18 March, 23:00

You want to put $4,000 in a simple interest account. It has a 2.5% annual interest rate. How long will it take you to earn $500 in interest?

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  1. 19 March, 01:22
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    t=I/Pr

    t=500 / (4000*0.025)

    t=5 yrs
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