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3 years ago

7

Jerome deposited $8,000 into a new retirement account with a simple interest rate of 2.8%. If account has earned $3,808 in inter

est, and there have been no deposits or withdraws, how many years ago did he open the account?

1 answer:

Valentin [98]3 years ago

7 0

Answer:

17 years

Step-by-step explanation:

8,000*.028=224

3,808/224= 17

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