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15-02-2017
Mathematics

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Eliza deposits $8500 in a college fund. If the fund earns an annual simple
interest rate of 6.5%, how long must the money be in the fund to earn
$9392.50 in interest?

Respuesta :

xAnimeZ xAnimeZ

19-02-2017

2. Eliza - 17 years.
$8500 x 6.5% = $552.50 for 1 year
$9,392.50/ $552.50 = 17 years.

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