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OpenStudy (anonymous):
Michelle Payne deposited $8,000 in a savings account paying 6.25% simple interest. How long will it take for her investment to amount to $10,000?
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OpenStudy (mathmate):
Simple interest formula: A=P(1+i)t A=future amount P=present amount i=0.0625, annual interest t=number of years Solve for t.
OpenStudy (goformit100):
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