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QuizMultiple Choice

Unit Test — Cumulative exam

Question 1 • FL-1200375-Algebra 1-A CR Semester 2

Frank invests $1,000 in simple interest investment account that pays 8% a year. After a number of years, he withdraws his balance of $2,200. Using the formula , how many years was his money invested?

Question illustration
Answer
A
2.75 years
B
10 years
C
15 years
D
27.5 years
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Frank invests $1,000 in simple interest…