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Scott opened a savings account with $5000 and was paid simple interest at an annual rate of 3%. When Scott closed the account, he was paid $450 in interest. How long was the acc…

Scott opened a savings account with $5000 and was paid simple interest at an annual rate of 3%. When Scott closed the account, he was paid $450 in interest. How long was the acc…
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Scott opened a savings account with $5000 and was paid simple interest at an annual rate of 3%. When Scott closed the account, he was paid $450 in interest. How long was the account open for, in years?

Thanks.

asked
User Sher Ali
by
8.2k points

1 Answer

1 vote

Answer: The account has been open for 3 years.

Explanation:

yes

answered
User Icem
by
7.7k points
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