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Ahmed wants to invest $10,000.00 in a savings account that pays 7.07% simple interest. How long will it take for this investment to reach a value of $14,700.00? Round your answer to the nearest tenth of a year. It will take years for the investment to reach a value of $14,700.00. Question Help: Video Message instructor Submit Question

Ahmed wants to invest $10,000.00 in a savings account that pays 7.07% simple interest. How long will it take for this investment to reach a value of $14,700.00? Round your answer to the nearest tenth of a year. It will take years for the investment to reach a value of $14,700.00. Question Help: Video Message instructor Submit Question

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Ahmed wants to invest $10,000.00 in a savings account that pays 7.07% simple interest. How long will it take for this investment to reach a value of $14,700.007 Round your answer to the nearest tenth of a year. It will take years for the investment to reach a value of $14,700.00. Question Help: D Video Message instructor Submit Question 9 64°F A
Transcribed Image Text:Ahmed wants to invest $10,000.00 in a savings account that pays 7.07% simple interest. How long will it take for this investment to reach a value of $14,700.007 Round your answer to the nearest tenth of a year. It will take years for the investment to reach a value of $14,700.00. Question Help: D Video Message instructor Submit Question 9 64°F A
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