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An opened a sevings account with $300 and was paid simple interest at an annual rate of 5%. When Ann closed the account, she was paid 75 in interest. How long was the account open for, in years?
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13 votes
13 votes
An opened a sevings account with $300 and was paid simple interest at an annual rate of 5%. When Ann closed the account, she

was paid 75 in interest. How long was the account open for, in years?

User Evilhomer
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1 Answer

9 votes
9 votes

Answer:

it would have took 15 years

User Solomon Vimal
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