A few days ago
algerba simple interest help?
you invest $200 into a savings account that earns 2% simple interest. How long will it take to earn $50 in interest?
what formula would you use?
Top 1 Answers
A few days ago
Favorite Answer
I = prt
Interest = principal[the amount of money you put in] * rate* time [in years]
50 = 200* .02 * t
and then you just solve for t
good luck!
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