SOLUTION: How many years will it take $6,000 invested at 8% interest to earn $1,680?

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Question 148732: How many years will it take $6,000 invested at 8% interest to earn $1,680?

Found 2 solutions by LaQia, ikleyn:
Answer by LaQia(1)   (Show Source): You can put this solution on YOUR website!
1
Answer by ikleyn(52797)   (Show Source): You can put this solution on YOUR website!
.

6000*0.08*t = 1680   dollars,     <<<---=== simple interest is assumed 


where  "t" is the time (in years) under the question.


t =  = 3.5 years.

Solved.


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