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3 years ago

9

Samantha earned $700 this summer. if she deposits the money in a savings account, how many years will it take her to earn$196 in

interest at a simple annual rate of 4%?
A.6
B.7
C.8
D.9

2 answers:

Gekata [30.6K]3 years ago

5 0

Hi there

The formula is
T=I÷pr
T=196÷(700×0.04)
T=7 years

Hope it helps

zubka84 [21]3 years ago

5 0

Answer: 7 years

Step-by-step explanation:

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You are given a table

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