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Len [333]
3 years ago
9

You put $2000 in an account with a simple interest rate of 1.5%. How long does it take for the account to earn $60?

Mathematics
1 answer:
djverab [1.8K]3 years ago
3 0

Answer:

2 years

Step-by-step explanation:

Simple interest is calculated using the formula:  I = prt, where I = the amount of interest earned, p = principal amount, r = rate and t = time.  In this case, you know the principal = $2000, the rate  = 1.5% or 0.015 and the I = $60, so you are solving for time 't':

I = prt or $60 = $2000(0.015)t

Simplify:  60 = 30t

Divide both sides by 30:  60/30 = 30t/30 or t = 2 years.

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A girl weighs 5/8 as much as her brother does. If the girl weighs 110 lb, how much does her brother weigh?
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-4 for the first one and 2/3 for the second
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A bag has 9 marbles: 4 are green, 2 are red, and 3 are blue. Melissa chooses a marble at random, and without putting it back, ch
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