erinmclurkin erinmclurkin

06-04-2017
Mathematics

contestada

Joe deposits $30,000 for his retirement in an account with a 6% simple interest rate. How long will it take Joe to earn $21,600 in interest?

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Aliwohaish12 Aliwohaish12

06-04-2017

t=i/pr
t=21,600÷(300,000×0.06)
t=1.2 year

Answer Link

cyberboi501 cyberboi501

01-11-2019

1Answer: 12 years

Step-by-step explanation:

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