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OpenStudy (anonymous):
Joe deposits $20,000 for his retirement in an account with a 7% simple interest rate. How long will it take Joe to earn $14,700 in interest?
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OpenStudy (anonymous):
i=prt interest = principle x rate x time (in years) just substitute in the values 14,700=20,000 x 7 x t leave time as t because that is the variable you want to solve for. can you do it from here?
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