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Yolo4mecuite

  • 3 years ago

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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  1. Obeyy_Gordon
    • 3 years ago
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    What do you think it is ?

  2. Yolo4mecuite
    • 3 years ago
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    I think its 6 years?

  3. Daniel_F
    • 3 years ago
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    and why do you think it is 6 years

  4. Yolo4mecuite
    • 3 years ago
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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

  5. Obeyy_Gordon
    • 3 years ago
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    There you go I did the same thing :)

  6. Daniel_F
    • 3 years ago
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    Yes :)

  7. Daniel_F
    • 3 years ago
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    Your answer is 6 years

  8. Daniel_F
    • 3 years ago
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    The* answer rather.

  9. Yolo4mecuite
    • 3 years ago
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    Thanks! :D

  10. Daniel_F
    • 3 years ago
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    you're welcome!

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