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Sam opened a money-market account that pays 3% simple interest. He started the account with $7,000 and made no further deposits. When he closed the account, he had earned $1,050…

Sam opened a money-market account that pays 3% simple interest. He started the account with $7,000 and made no further deposits. When he closed the account, he had earned $1,050…
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4 votes
Sam opened a money-market account that pays 3% simple interest. He started the account with $7,000 and made no further deposits. When he closed the account, he had earned $1,050 in interest. How long did he keep his account open?

User Moojjoo
by
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2 Answers

4 votes

Answer:

5 years

Step-by-step explanation: I did the study island practice.

User JoseLinares
by
8.0k points
6 votes

Answer:

4 years

Explanation:

User MotoxX
by
8.7k points
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