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What amount do you need to invest to obtain $20,000 at 6 percent simple interest per year, after ten years?


You need to invest $___________

at 6 percent simple interest to obtain $20,000 after 10 years.
(This is a Plato question)

Respuesta :

Answer:

12500

Explanation:

6% of 12500 is 750 and 750 times 10 is 7500 and 7500 plus 12500 is 20000