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If you put $2,000 in an account at an annual simple interest rate of 5%, how long will it take your balance

to grow to $2,600? (Hint: How many years will it take to earn $600 worth of interest?)

User StanLe
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1 Answer

9 votes

Answer:

After investing for 10 years at 5% interest, your $2,000 investment will have grown to $3,258

Explanation:

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User EdSF
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