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4 years ago

13

You want to put some money in a simple interest account. it pays 8% interest annually for 2 years. you would like to earn $500 i

n interest. how much money do you need to put in?

1 answer:

kicyunya [14]4 years ago

7 0

P=i/rt
P=500/(0.08*2)
P=3,125

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