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3 years ago

14

You deposit $800 in an account that earns simple interest at an annual rate of 59. How long must you leave the money in the acco

unt to earn $100 in interest?

1 answer:

Pepsi [2]3 years ago

4 0

Answer:

2.5 years

Step-by-step explanation:

convert percent to a decimal --> 5% = .05

y = number of years

$100 = 0.05y ($800)

100/800 = 0.05y

0.125 = 0.05y

2.5 = y

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