mrbeans231 mrbeans231

08-12-2016
Mathematics

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Joe deposits $20,000 for his retirement in an account with a 7% simple interest rate. How long will it take Joe to earn $14,700 in interest?

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jdc9012 jdc9012

08-12-2016

10 to 11 years
7% of 20k is 1400 and that goes in to it 10.5 times
that how you solve it

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