SOLUTION: 6. How long would you have to invest $8000 at 2% simple interest to earn $2400 in interest?

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Question 218482: 6. How long would you have to invest $8000 at 2% simple interest to earn $2400 in interest?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
t=I/Pr
t=2400/8000*.02
t=2400/160
t=15 yrs