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Scott opened a savings account with $5000 and was paid simple interest at an annual rate of 3%. When Scott closed the account, he was paid $450 in interest. How long was the account open for, in years?
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Scott opened a savings account with $5000 and was paid simple interest at an annual rate of 3%. When Scott closed the account, he was paid $450 in interest. How long was the account open for, in years?

Thanks.

User Sher Ali
by
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1 Answer

1 vote

Answer: The account has been open for 3 years.

Explanation:

yes

User Icem
by
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