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Flauer [41]
3 years ago
11

Susan deposits $1,200 in an account that earns 8% simple interest annually.

Mathematics
1 answer:
spayn [35]3 years ago
3 0

interest = principal x rate x time

interest = 1344-1200 = 144

principal = 1200

rate = 8% = .08

144 = 1200 x .08 x Time

Time = 1.5 yrs

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