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How many years will it take $1,000 invested at 7% interest to earn $280?

How many years will it take $1,000 invested at 7% interest to earn $280?
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How many years will it take $1,000 invested at 7% interest to earn $280?

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User Doggett
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1 Answer

2 votes
7% of 1,000 is 70.
280/70 = 4
It will take 4 years.
answered
User JstnPwll
by
8.1k points
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