Question: Problems 5059 are based on previously learned material. The purpose of these problems is to keep the material fresh in your mind so that you

Problems 50–59 are based on previously learned material. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for later sections, a final exam, or subsequent courses such as calculus.

How long will it take $5000 to grow to $7500 at a simple interest rate of 8%?

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