SOLUTION: How long will Lucy have to wait before for her $2,500 invested at 6% earns $600 in simple interest ?
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Question 160166: How long will Lucy have to wait before for her $2,500 invested at 6% earns $600 in simple interest ?
Answer by gonzo(654) (Show Source): You can put this solution on YOUR website!
simple interest is not compounded.
so .06 * 2500 = 150
600/150 = 4
looks like 4 years at 150 interest each year.
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