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How long does it take an account with a principal of $400 to earn $48 in interest at a simple annual interest rate of 2%?

Respuesta :

rsantanacosta

Answer:

it'll take 6 years

Step-by-step explanation:

I =put

48= 400(.02) t

48= 8t

t= 6 years

6 years should be your answer! ;)

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