3 years ago

Chef Alfredo invested $4800 at a simple interest rate of 5% and can now afford a $6,000

Mathematics

1 answer:

KonstantinChe [14]3 years ago

7 0

Answer:

5 years

Step-by-step explanation:

The difference in the amounts is the total interest:

6000 - 4800 = 1200

Yearly interest is:

4800*0.05 = 240

Time in years:

1200/240 = 5

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