SOLUTION: Chris invested $8000 in a savings account with simple interest at annual interest rate of 4.5%. How long will it take to earn $2700?
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Question 752294: Chris invested $8000 in a savings account with simple interest at annual interest rate of 4.5%. How long will it take to earn $2700?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
2700=8000*0.045*t
2700=360t
2700/360=t
7.5 yrs=t
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