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OpenStudy (anonymous):
How much money must you invest for 4 years in an account that earns a simple interest rate of 20% if you want to earn $60 from the investment?
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hero (hero):
Hint: I = PRT
hero (hero):
I = 60 R = .20 T = 4 Solve for P
OpenStudy (anonymous):
p=48 so $48
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