Question

How long will denise have to leave $4000 in the bank to earn $200 in simple interest at 2%?

Answer 1

Answer: 2.5 years

Explanation:

200= 4,000 • 0.02 • x

4,000 • 0.02 = 80

200/80= 2.5 years

Answer 2

4000 * .02= 80. 80 * 2.5= 200. 2.5 years.