How long does it take an account with a principal of $600 to earn $90 in interest at a simple annual interest rate of 5%

Jsalter asked Aug 12, 2022

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Jsalter asked Aug 12, 2022

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13 votes

Answer:

3 yrs

Explanation:

1st year=600*1.05=630

2nd year=630*1.05=661.5

3rd year=661.5*1.05=794.57

Rescobar answered Aug 19, 2022

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