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04-12-2016
Mathematics

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You put $500 in your bank account. With an interest rate of 5%, how long will it take the account to reach $600? Use the formula: I = Prt.

Respuesta :

jdc9012 jdc9012

08-12-2016

4 years

5% of 500 is 25 and that goes into it 100 4 times
so the answer is 4 years

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