JRitz13 JRitz13
  • 16-10-2017
  • Mathematics
contestada

You deposit $200 in an account that earns 5% simple interest. How long will it be before the total amount is $400?

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maryp8666
maryp8666 maryp8666
  • 16-10-2017
40 years I believe it will be
Answer Link
paitynstevens52
paitynstevens52 paitynstevens52
  • 16-10-2017
the formula is I=Prt so

400=200*5%*t
400=10*t
-------------
10       10
40=t
Answer Link

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