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You deposit $800 in an account that earns simple interest at an annual rate of 5%. How long must you leave the money in the account to earn $100 in interest? A=P(1+rt)

You deposit $800 in an account that earns simple interest at an annual rate of 5%. How long must you leave the money in the account to earn $100 in interest? A=P(1+rt)
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You deposit $800 in an account that earns simple interest at an annual rate of 5%. How long must you leave the money in the account to earn $100 in interest?

A=P(1+rt)

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User Muhammad Hewedy
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8.0k points

1 Answer

4 votes
2.5 years? I used desmos graphing calculator.
answered
User Tendulkar
by
8.4k points
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