SOLUTION: How long will it take for $150 to earn $150 in simple interest at an annual interest rate of 2.5%?
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Question 923644
:
How long will it take for $150 to earn $150 in simple interest at an annual interest rate of 2.5%?
Answer by
ewatrrr(24785)
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I = Prt
150 = 150(.025)t
1/.025 = t
40yr = t