Dennis deposits $6,000 in an account that earns 5.5%simple interest. How long will it take before the total amount is $8,000?
2 answers:
Answer years and 1 month. Explanation: To be worth $9000, he has to have earned $3000 in interest. Using the formula for simple interest.
Step-by-step explanation:
I did $6,000 times the simple I trust rate of 5.5, then saw it was $380 and did $8,000-$6,000 and got the 2,000 and then divides that by the $380 and got 5.26 so I would pick about 6 years
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