anonymous
  • anonymous
How long will it take to earn $525 in interest if $3500 is invested at a 6% annual interest rate?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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thomaster
  • thomaster
first find the formula to calculate interest in x years
Nurali
  • Nurali
Investing $3500 at an annual interest rate of 6% it would take about 2.4 years to earn $525 in interest.
thomaster
  • thomaster
\(\Large N(t)=3500*1.06^X\) \(\large 3500*1.06^X=4025\) solve for x

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