gracecrawford9011 gracecrawford9011

22-09-2021
Mathematics

contestada

You deposit $800 in an account that earns simple interest at an annual rate of 59. How long must you leave the money in the account to earn $100 in interest?

Respuesta :

22-09-2021

Answer:

2.5 years

Step-by-step explanation:

convert percent to a decimal --> 5% = .05

y = number of years

$100 = 0.05y ($800)

100/800 = 0.05y

0.125 = 0.05y

2.5 = y

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