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Oki received a statement on her Certificate of Deposit showing that her investment had returned $8,000 over its life. If the Certificate of Deposit pays a simple interest rate of 4% and her initial investment was $ 20,000, how long had the money been invested?

Select one:
a. 130.1 months
b. 10 years
c. 10.8 years
d. 80 months

Respuesta :

Answer:

b) 10 years

Step-by-step explanation:

8,000 x .04 = 800 x 10 = 8000

Hope that helps!

1crinklypaper

Answer:

10

Step-by-step explanation:

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