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25 September, 15:25

At a simple annual interest rate of 4.5%, how many years will it take Sam to earn $135 interest on an original deposit of $1,000?

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  1. 25 September, 16:17
    0
    T=i/pr

    T=135/1000*0.045=3years
  2. 25 September, 17:26
    0
    7! I hope that's right ... I'm a beginner
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