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Kisachek [45]
2 years ago
13

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

Mathematics
1 answer:
KonstantinChe [14]2 years ago
7 0

Answer:

  • 5 years

Step-by-step explanation:

<u>The difference in the amounts is the total interest:</u>

  • 6000 - 4800 = 1200

<u>Yearly interest is:</u>

  • 4800*0.05 = 240

<u>Time in years:</u>

  • 1200/240 = 5
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