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22 June, 21:38

Penny's parents deposits $15,000 for her college tuition in an account with 3% simple interest rate. how long will it take to earn 3,600 in interest?

a. 5 years

b. 8 years

c. 10 years

d. 12 years

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Answers (1)
  1. 23 June, 00:09
    0
    B. 8 years. 15,000*0.03*8=3600
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