racheltorres5672 racheltorres5672

14-12-2017
Business

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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

Respuesta :

regmmgr regmmgr

15-12-2017

B. 8 years. 15,000*0.03*8=3600

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