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svet-max [94.6K]
3 years ago
10

You put $1000 in a savings account. The account earns 5% simple interest per year. How many years will the money need to remain

in the savings account in order to earn $200 in interest?
Mathematics
2 answers:
andriy [413]3 years ago
6 0

Answer:

Im not sure but i think it is 30.

Step-by-step explanation:

Kryger [21]3 years ago
4 0

Answer = 28years


After 28 years you’re principal would be $4,032 and 5% of that would be about 200$
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