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You put $750 into a saving account that earns 2% simple annual interest how long will it take to have $45 in interest?

You put $750 into a saving account that earns 2% simple annual interest how long will it take to have $45 in interest?
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you put $750 into a saving account that earns 2% simple annual interest how long will it take to have $45 in interest?

asked
User James Addison
by
8.4k points

1 Answer

0 votes

Answer:

3 years

Explanation:

p=750

i = 2%

si=45

si =ptr/100

45=750*0.02*t

t=3 years

answered
User Rachel Shallit
by
8.6k points
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