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31 May, 09:26

Jared invests $10,000 in a savings account that pays 3% simple interest. How many years will it take for the account to grow to $12,700, if he makes no withdraws or deposits?

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  1. 31 May, 11:34
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    The answer:

    it would take 9 years for the account to grow to $12,700

    the steps:

    10,000 x. 03 = 300

    2,700 divided by 300 is 9
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