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Tony invests $3,000 dollars in an account earning 12% interest per year. How long will it take him to make $3960 dollars in simple interest? 3 years 5 years 8 years 11 years

Tony invests $3,000 dollars in an account earning 12% interest per year. How long will it take him to make $3960 dollars in simple interest? 3 years 5 years 8 years 11 years
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2 votes
Tony invests $3,000 dollars in an account earning 12% interest per year. How long will it take

him to make $3960 dollars in simple interest?

3 years
5 years
8 years
11 years

asked
User Shloime Rosenblum
by
8.6k points

2 Answers

7 votes

Answer: it will take 11 years

answered
User Srikanth S
by
7.8k points
4 votes

Answer: 11 years

Step-by-step explanation: 3960 divided 12%= 33,000 divided 3000=11

answered
User Jonny Piazzi
by
7.5k points
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