anonymous
  • anonymous
Samantha deposits $5,000.00 in account that earns 5.5% simple interest. About how many years will it take for her account balance to earn $3,000.00 in interest?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
will give a metal
chrperez28
  • chrperez28
SI = PxTXR/100 3000=5000xTx5.5/100 3/5x100/5.5=T 10 .9 years
anonymous
  • anonymous
the possible answers are About 2 years About 5 years About 11 years About 20 years

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chrperez28
  • chrperez28
About 11 years
anonymous
  • anonymous
thank you @chrperez28
Kash_TheSmartGuy
  • Kash_TheSmartGuy
\[Interest=Principal*Rate*Time\]\[3000=5000*0.055*x\]\[3000=275x\]\[\frac{ 3000 }{ 275 }=\frac{ 275x }{ 275 }\]\[x=10.9\]About 11 years.
anonymous
  • anonymous
thank you @Kash_TheSmartGuy
Kash_TheSmartGuy
  • Kash_TheSmartGuy
no prob :)

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