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Suppose you deposit $1500 in a savings account that pays interest at an annual rate of 6%. No money is added or withdrawn from the account How many years will it take for the account to contain 2500?
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1 vote
Suppose you deposit $1500 in a savings account that pays interest at an annual rate of

6%. No money is added or withdrawn from the account How many years will it take for the account to contain 2500?

User Mike Jr
by
5.2k points

1 Answer

5 votes
10 years
Explanation

2,500×6%=150
1500÷150=10
User Xandross
by
6.0k points
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