Question

jessica deposits her summer babysitting earnings $600 in a savings account how many years will it take her to earn $150 in interest at a simple annual rate of 5% Enter the correct number in the forumal 150= (600) (.05) ( )

Answer 1

5

Explanation:

Answer 2

= 5 years

Explanation:

Simple Interest =
`(P*R*T)/(100)`

Make T the subject of the formula

Cross-multiply

P*R*T = 100*S.I

Divide both sides by P * R

T =
`(100 * S.I)/(P * R)`

T =
`(100 * 150)/(600 * 5)`

T =
`(15000)/(3000)`

T = 5 years