00027730 00027730
  • 16-02-2021
  • Mathematics
contestada

How long does it take an account with a principal of $400 to earn $48 in interest at a simple annual interest rate of 2%?

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rsantanacosta
rsantanacosta rsantanacosta
  • 16-02-2021

Answer:

it'll take 6 years

Step-by-step explanation:

I =put

48= 400(.02) t

48= 8t

t= 6 years

Answer Link
helpmepleaselove25 helpmepleaselove25
  • 16-02-2021
6 years should be your answer! ;)
Answer Link

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