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Vikki [24]
3 years ago
9

Nicole deposited $2,000 at 6% simple interest. How long will it be before she has $2,600 in her account?

Mathematics
2 answers:
butalik [34]3 years ago
8 0
I=PRT
Intersets=amount invested times rate in decimal times time in years

amoount total=invested+interest

so

2000+I=2600
minus 2000 both sides
I=600
find when 600 interst is made

600=2000 times 0.06 times t
600=120 times t
divide both sides by 120
5=t

5 years
Mashcka [7]3 years ago
6 0
5 years, you have to make 6% a decimal so it would be 0.06. You would then multiply 2000 and 0.06 and get 120. You keep adding 120 to 2,000 until you reach 2,600. Hope this helped!
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Answer:

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option 2

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3 years ago
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