Joy made a deposit of $1600 into an account with a rate of 5%. How long should she leave the money into the account if she wants
to earn $240 in interest
1 answer:
Answer: 3 years
Step-by-step explanation:
The following can be gotten from the question:
Principal = $1600
Rate = 5%
Simple interest = $240
Time = Unknown
Interest = Principal × Rate × Time /100
240 = (1600 × 5 × Time)/100
240 = (8000 × Time)/100
240 × 100 = 8000 × Time
24000 = 8000 × Time
Time = 24000/8000
Time = 3 years
You might be interested in
well, i believe the answer is each dollar= 1.6 pounds
Answer:
To kilos? About 132.2. To dollars? Google the exchange.
Answer:
= 6/1 × 17/2
= (6 × 17) / (1 × 2)
= 102/2
= 51/1
<span>= 51</span>
Answer:
G 36
Step-by-step explanation:
Hope this helps. Pls give brainliest.