Mathematics: 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? 5 years 7 years 10 years 12 years

Joe deposits $30,000 for his retirement in an - id300001393737, courtneygaffney4755

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sandy701

15.03.2022

$\bf ~~~~~~ \textit{Simple Interest Earned}\\\\
I = Prt\qquad 
\begin{cases}
I=\textit{interest earned}\to &\$21600\\
P=\textit{original amount deposited}\to& \$30000\\
r=rate\to 6\%\to \frac{6}{100}\to &0.06\\
t=years
\end{cases}
\\\\\\
21600=(30000)(0.06)t\implies \cfrac{21600}{(30000)(0.06)}=t\implies 12=t$

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Ответ:

abby2236

02.09.2022

Mathematics

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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? 5 years 7 years 10 years 12 years

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