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OpenStudy (anonymous):
Find the missing value: Principle- $15,300 Rate- 3.5% Time- ? Simple Interest- $2142 How many years would this be. 7 yrs. 6.5 yrs. 5.5 yrs. 4 yrs.
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OpenStudy (anonymous):
if I=Prt t=I/Pr
OpenStudy (anonymous):
so for 7 yrs we have: \[t=2142/(15300*0.035)\] so t=4
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