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Determine the number of years required for $3200 to earn $1075

Accounting

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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