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I = PRT
(300)(.0134)T = 300
.0134T = 1
T = appr 75
Julie deposited $300 into a simple interest savings account that earns
1.34%. If no money is added or withdrawn from the account, about how
long will it take for the interest to equal the deposited amount?
A. 8 months
B. 1 year
C. 7 years
D. 75 years
1 answer
1 answer