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How long will it take to earn $252 in interest if $1200 is invested at a 7% annual interest rate?

How long will it take to earn $252 in interest if $1200 is invested at a 7% annual interest rate?
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How long will it take to earn $252 in interest if $1200 is invested at a 7% annual interest rate?

User Start
by
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1 Answer

2 votes
t=i/pr
t=252÷(1,200×0.07)
t=3 years
User Vtukhtarov
by
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How long will it take to earn $252 in interest if $1200 is invested at a 7% annual interest rate?
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Please help! Use I = PRT to solve. (time is in years) 1 = $252 R = 7% P = $900 Find T.
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