anonymous
  • anonymous
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
Mathematics
schrodinger
  • schrodinger
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anonymous
  • anonymous
What do you think it is ?
anonymous
  • anonymous
I think its 6 years?
anonymous
  • anonymous
and why do you think it is 6 years

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anonymous
  • anonymous
Because I did $800 x 0.05 x all the multiple choice and when I did 6 I got $240 in interest
anonymous
  • anonymous
There you go I did the same thing :)
anonymous
  • anonymous
Yes :)
anonymous
  • anonymous
Your answer is 6 years
anonymous
  • anonymous
The* answer rather.
anonymous
  • anonymous
Thanks! :D
anonymous
  • anonymous
you're welcome!

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