angelikanavaro7 angelikanavaro7
  • 12-02-2022
  • Mathematics
contestada

6) Suppose you put $200 in a savings account. The account earns simple interest at an
annual rate of 10%. You earned $100 in interest. How many years did you keep the
money in your savings account?

Respuesta :

jimthompson5910 jimthompson5910
  • 12-02-2022

Answer:  5 years

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Work Shown:

i = P*r*t

100 = 200*0.10*t

100 = 20t

20t = 100

t = 100/20

t = 5

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