Yolo4mecuite
A savings account with a balance of $800 earns simple interest at 5% per year. How long will it take the account to earn $240 in interest?
A. 5 years
B. 6 years
C. 40 years
D. 52 years
Pick one multiple choice
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Obeyy_Gordon
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What do you think it is ?
Yolo4mecuite
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I think its 6 years?
Daniel_F
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and why do you think it is 6 years
Yolo4mecuite
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Because I did $800 x 0.05 x all the multiple choice and when I did 6 I got $240 in interest
Obeyy_Gordon
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There you go I did the same thing :)
Daniel_F
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Yes :)
Daniel_F
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Your answer is 6 years
Daniel_F
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The* answer rather.
Yolo4mecuite
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Thanks! :D
Daniel_F
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you're welcome!