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Principal of $3500.00 was invested at a simple interest rate of 1.50% per annum. It earned $157.50 in simple interest. How many years was it invested for?

Principal of $3500.00 was invested at a simple interest rate of 1.50% per annum. It earned $157.50 in simple interest. How many years was it invested for?
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Principal of $3500.00 was invested at a simple interest rate of 1.50% per annum. It

earned $157.50 in simple interest. How many years was it invested for?

User Garrett
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1 Answer

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I think So first you subtract 3500-157.50 then divide that answer by 1.50. Then divide by 100 and you get rounded up to 34
User DroidPilot
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