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17 September, 18:38

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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  1. 17 September, 19:30
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    10 to 11 years

    7% of 20k is 1400 and that goes in to it 10.5 times

    that how you solve it
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