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28 January, 15:57

You want to save $10,000 to buy a new car. You deposit $6500 in an account earning 7.5% simple interest. After how long will you have enough money in the account to purchase the car? Round your answer to the nearest whole number.

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  1. 28 January, 16:27
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    Total = partial amount * interest * time

    10000 = 6500 (.075) t

    Solve for t

    Hope that gets you started! If you have any problems I'l try to explain
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