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Jada deposited $40,000 into her savings account. Her bank has a 5% interest rate. When (in years and months) will Jada earn $6500 in interest for her savings account? Show work<…

Jada deposited $40,000 into her savings account. Her bank has a 5% interest rate. When (in years and months) will Jada earn $6500 in interest for her savings account? Show work<…
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16 votes
Jada deposited $40,000 into her savings account. Her bank has a 5% interest rate. When (in years and months) will Jada earn $6500 in interest for her savings account? Show work

asked
User ClaOnline
by
7.6k points

2 Answers

8 votes

Answer:

5 years and 11 months

Explanation:

HOPE IT HELPS :)

answered
User Paulo Roberto Rosa
by
7.7k points
12 votes

Answer:

5 years

Explanation:

and 11 months

answered
User WloHu
by
8.2k points
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