Seudónimo Seudónimo
  • 04-12-2016
  • Mathematics
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You put $500 in your bank account. With an interest rate of 5%, how long will it take the account to reach $600? Use the formula: I = Prt.

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jdc9012
jdc9012 jdc9012
  • 08-12-2016
4 years

5% of 500 is 25 and that goes into it 100 4 times
 so the answer is 4 years
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