Kayleigh wants to buy a car that costs $13,080.00. She deposits $12,000.00 into a savings account that earns 3% simple interest.

Question

3 years ago

6

Kayleigh wants to buy a car that costs $13,080.00. She deposits $12,000.00 into a savings account that earns 3% simple interest.

How long must Kayleigh leave the money in the savings account to be able to buy the car? 3 months 36 years 3 years 4.5 years

English

1 answer:

viktelen [127] · Answer 1 · 2022-08-18T03:05:30+03:00

viktelen [127]3 years ago

6 0

The answer is for 3 months.
first you wanna multiply $12,000 by .03
then you see how many times that amount adds until you get your desired amount
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