SOLUTION: Principal of $1700 is invested at 8.2% simple interest, paid annually, for 7 years
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Question 853201: Principal of $1700 is invested at 8.2% simple interest, paid annually, for 7 years
Answer by JulietG(1812) (Show Source): You can put this solution on YOUR website!
In the first year, 1700 * 1.082 = 1839.4
In the second year, 1839.4 * 1.082 = 1990.23
In the third year, 1990.23 * 1.082 = 2153.43
and so on.
There's a simple interest calculator at http://www.webmath.com/simpinterest.html
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