SOLUTION: 1. How long will it take for $300 to grow to $450 in an account earning 5% simple interest?

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Question 1149114: 1. How long will it take for $300 to grow to $450 in an account earning 5% simple interest?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
I=prt
need I to be 150 to get 300 to 450
150=300*0.05*t
150=15*t
t=10 years