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Suppose $1,000 is put into an account that pays simple interest at a rate of 3.5% annually. What is the value of t if the money is deposited for 212 years?
A. 0.25
B. 1.5
C. 2.0
D. 2.5

Respuesta :

Answer:

Step-by-step explanation:

Formula:

I = Prt

I - interest

P - initial value

r - interest rate  

t - time (years)

Solution:

[tex]I = $1000 * 3.5 * 212[/tex]

[tex]I = 742000[/tex]
The Awnser would be d :2.5

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