Carin opened a money market account with a deposit of $3,000. This account earns 2% simple interest annually. How many years will it take for her $3,000 deposit to earn $430 in interest, assuming she does not withdraw any of the money?

Question

07-07-2021
Mathematics

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Carin opened a money market account with a deposit of $3,000. This account earns 2% simple interest annually. How many years will it take for her $3,000 deposit to earn $430 in interest, assuming she does not withdraw any of the money?

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