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2 years ago

7

Chris has an account that pays 3.64% simple interest per year and wants to accumulate $3,080 in interest from it over the next 1

2 years. How much money should Chris invest in this account to meet this goal?

1 answer:

Semenov [28]2 years ago

6 0

Answer:

Step-by-step explanation: A=p(1±r%)>t

A=3,080(1+3.64%)>12

=4730. 200

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