Question

Suppose you deposit $1,200 into a bank account. The account earns yearly simple interest at a rate of 1 3/4%. How many years will it take to earn a total of $126 in a simple interest? Show your work.​

Answer 1

Answer:

6 years

Step-by-step explanation:

1.75% of 1,200 = 21

so 1 year= 21

21+21= 42         2 years

42+21=63           3 years

63+21=84            4 years

81+21=105             5 years

105+21=126            6 years

Or you can do

21x6=126 so it has to equal 6 years