PLEASE HELP ME GUYS PLEASE!!
1 answer:
You might be interested in
The correct option will be : 14 years
<u><em>Explanation</em></u>
Current account balance of Susan is $1,336.60 and her initial deposit was $820
So, the amount of interest earned dollar
Formula for Simple Interest is: , where
is the amount of interest,
is the initial amount,
is the rate of interest in decimal and
is the time duration in years.
Here, %
Now according to the above formula, we will get...
So, Susan has held the account for 14 years.