Determine the number of years required for $3200 to earn $1075.20 simple interest at a simple interest
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Question:
Determine the number of years required for $3200 to earn $1075.20 simple interest at a simple interest rate of 8%?
1)
2.69 years
2)
4.4 years
3)
2.86 years
4)
4.2 years
5)
4.03 years
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