rygei832 rygei832

20-04-2020
Mathematics

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Sam opened a money-market account that pays 2% simple interest. He started the account with 7000 dollars and made no further deposits. When he closed the account, he had earned 560 dollars in interest. How long did he keep his account open?

Respuesta :

amna04352 amna04352

20-04-2020

Answer:

4 years

Step-by-step explanation:

560 = 7000 × 2/100 × t

t = 4

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