How long must $1000 be invested at an annual interest rate of 3% to earn $300 in sinple interest?

Stef asked Nov 28, 2023

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Stef asked Nov 28, 2023

by Stef

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25 votes

$\begin{gathered} S\mathrm{}I=(Prt)/(100) \\ 300=(1000*3* t)/(100) \\ t=\text{ 10 year} \end{gathered}$

Dongshengcn answered Dec 4, 2023

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