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3 years ago

14

Jenny's parents deposit $15,000 for her college tuition in an account with a 3% simple interest rate. How long will it take to e

arn $3600 in interest?

1 answer:

AlekseyPX3 years ago

4 0

3% of 15,000 is 450 3600 divided by 450 is 8 so 3% per year wait 8 years until interest reaches 3600

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