Suppose Marcus invests $750 at an annual rate of 6.25%. How long will it take until Marcus earns $125 in simple interest?

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asked Jun 6, 2017 81.3k views

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Anton Potapov · Answer 1 · 2017-06-12T04:03:25+0000

750$ divided by 6.25% = 120$ at an annual rate of interest (a year i'm guessing) meaning it would take him approximately a year and about half a month to get 125$ in simple interest

Suppose Marcus invests $750 at an annual rate of 6.25%. How long will it take until Marcus earns $125 in simple interest?

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