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You deposit $2000 in an account earning 5% simple interest. How long will it take for the balance of the account to be $3800?

You deposit $2000 in an account earning 5% simple interest. How long will it take for the balance of the account to be $3800?
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You deposit $2000 in an account earning 5% simple interest. How long will it take for the balance of the account to be $3800?

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User Saad Qureshi
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8.6k points

2 Answers

6 votes
13 years to accumulate the interest
answered
User Karan Sadana
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8.6k points
2 votes
It will take bout 13 years
You deposit $2000 in an account earning 5% simple interest. How long will it take-example-1
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User AlexanderRD
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