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Soloha48 [4]
2 years ago
9

Investment question Part 2: $3,500 is invested at 7%. How much money

Mathematics
1 answer:
antiseptic1488 [7]2 years ago
4 0

Answer:

$7665

Explanation:

simple interest: principal * rate (%) * time (years)

<u>Given:</u>

principal: $3,500

rate: 7%

time: 17 years

<u>Solve for interest received:</u>

3,500 * 7% * 17

$4165

<u>Total money in account:</u>

$4165 + $3,500

$7665

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