SOLUTION: How many years will it take for $8,000 to reach $10,000 at a simple interest rate of 2%?

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Question 425268: How many years will it take for $8,000 to reach $10,000 at a simple interest rate of 2%?

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
2000=8000*0.02*t
2000=160t
t=12.5 yrs