SOLUTION: A man deposited $5000 in a bank paying 6% simple interest. How many years will it take to earn $6000 in interest? Use I=Prt
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Question 218391: A man deposited $5000 in a bank paying 6% simple interest. How many years will it take to earn $6000 in interest? Use I=Prt
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
t=I/Pr
t=6000/5000*.06
t=6000/300
t=20 yrs
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