Ishraq wants to deposit money in an account that yields (3.5 %) simple interest for 10 years,

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Ishraq wants to deposit money in an account that yields $3.5 \%$ simple interest for 10 years, to help with a down payment for a home. Her goal is to have $\$ 25,000$ for the down payment. How much does Ishraq need to deposit to reach that goal?

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 29, 2024 08:04 AM

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Ishraq wants to deposit money in an account that yields (3.5 %) simple interest for 10 years,

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Contemporary Mathematics

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