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Mathematics

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Payne saves $2,000 at a yearly simple interest rate of 2%. He earns $280 in interest. How many years did he save his money?

Answer :

austenblck austenblck

Today at 1:03 PM

the answer if 7 years, if you multiply 2,000 by .02 it equals 40. so you divide 280 by 40 and get 7

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