<PRE><B>Question 1031222</B>
 How many days will it take for a sum of $1300 to earn $8 interest if it is deposited in a bank paying simple interest at the rate of 4%/year? 
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I = P*r*t
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8 = 1300*0.04*t
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8 = 52t
t = 2/13 yrs = (2/13)365 days = 56.13 days
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Cheers,
Stan H.
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