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Chris invested $12,000 at a rate of 4%. How long should he leave his money invested if he wants to earn interest of at least $1,000? A 3 years B 2 years C 1 year D 4 years

Chris invested $12,000 at a rate of 4%. How long should he leave his money invested if he wants to earn interest of at least $1,000? A 3 years B 2 years C 1 year D 4 years
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Chris invested $12,000 at a rate of 4%. How long should he leave his money invested

if he wants to earn interest of at least $1,000?
A 3 years
B 2 years
C 1 year
D 4 years

asked
User Locorecto
by
7.5k points

1 Answer

6 votes

Answer:

B

Explanation:

12000 x 4%

12000 x 4/100=480

1000/480=2.03

~2years

answered
User Kluddizz
by
8.4k points
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