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19-04-2016
Mathematics

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Suppose Marcus invests $750 at an annual rate of 6.25%. How long will it take until Marcus earns $125 in simple interest?

Respuesta :

19-04-2016

750$ divided by 6.25% = 120$ at an annual rate of interest (a year i'm guessing) meaning it would take him approximately a year and about half a month to get 125$ in simple interest

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