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You put $500 in your bank account. With an interest rate of 5%, how long will it take the account to reach $600? Use the formula: I = Prt

You put $500 in your bank account. With an interest rate of 5%, how long will it take the account to reach $600? Use the formula: I = Prt
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You put $500 in your bank account. With an interest rate of 5%, how long will it take the account to reach $600? Use the formula: I = Prt

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User Ahmet Ardal
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1 Answer

4 votes
If it’s in years, it will take 4 years to reach 600 dollars if you don’t add anymore into your bank account.
answered
User Stun
by
9.0k points
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