SOLUTION: How many years will it take $6,000 invested at 8% interest to earn $1,680?

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Question 148732: How many years will it take $6,000 invested at 8% interest to earn $1,680?
Found 2 solutions by LaQia, ikleyn:
Answer by LaQia(1) About Me  (Show Source):
Answer by ikleyn(52797) About Me  (Show Source):
You can put this solution on YOUR website!
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6000*0.08*t = 1680   dollars,     <<<---=== simple interest is assumed 


where  "t" is the time (in years) under the question.


t = 1680%2F%286000%2A0.08%29 = 3.5 years.

Solved.