Register

If a couple invests $5000 in an account that earns a 3% interest rate, how long will they need to invest it to earn $1200 in interest?

If a couple invests $5000 in an account that earns a 3% interest rate, how long will they need to invest it to earn $1200 in interest?
asked 69.1k views
1 vote
If a couple invests $5000 in an account that earns a 3% interest rate, how long will they need to invest it to earn $1200 in interest?

asked
User Eric Sassaman
by
7.9k points

2 Answers

0 votes

Answer:

its 10

Explanation:

answered
User Chris F Carroll
by
8.4k points
0 votes
1200/5000*0.03=8 years
answered
User Pontiacks
by
7.7k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!