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08-11-2020
Mathematics

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Mr. Morgan invested $20,000 in an account earning 4.5% annual interest. How many years would it take for him to earn 5400 in a simple interest

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jemcarter jemcarter

08-11-2020

6 years
£20,000 x 0.045 = £900
£5,400 / £900 = 6 years

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