Sam opens a money-market account that pays 4% simple interest. He started with 7,000 and made no further deposits. He closed the
account and he had earned 1,400. How long did he have the account
1 answer:
I = PRT
1,400 = 7,000 (.04) (T)
1,400 = 280T
1,400/280 = 280T/280
T = 5
Answer: He had the account 5 years
You might be interested in
Answer:
Step-by-step explanation:
(2y²)³=2³×y^6=8y^6
=8×y×y×y×y×y×y
Answer:
y=-7
Step-by-step explanation:
hope that will help you
Fraction: 8/1000 Decimal: 0.008