In how many years will $1,500 yield an interest of $200 at 2% simple interest?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter17: Financial Markets
Section: Chapter Questions
Problem 6SCQ: What is the total amount of interest from a 5,000 loan after three years with a simple interest rate...
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9. In how many years will $1,500 yield an interest of $200 at 2% simple interest?
Transcribed Image Text:9. In how many years will $1,500 yield an interest of $200 at 2% simple interest?
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