SOLUTION: A person invested $3000.00 in an account paying 2% simple interest. How long will it take for the account to grow to $3500.00?
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Question 949181: A person invested $3000.00 in an account paying 2% simple interest. How long will it take for the account to grow to $3500.00?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I+prt
500=3000*0.02*t
500/60=t
t=8.3 yrs
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