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How many years will it take $1,000 invested at 7% interest to earn $280?
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2 votes
How many years will it take $1,000 invested at 7% interest to earn $280?

User Doggett
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8.3k points

1 Answer

2 votes
7% of 1,000 is 70.
280/70 = 4
It will take 4 years.
User JstnPwll
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8.1k points
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