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You want to put $8000 in a simple interest account. it has 2% annual interest rate. how long less you have invest that money to earn $400 in interest?

You want to put $8000 in a simple interest account. it has 2% annual interest rate. how long less you have invest that money to earn $400 in interest?
asked 114k views
2 votes
you want to put $8000 in a simple interest account. it has 2% annual interest rate. how long less you have invest that money to earn $400 in interest?

asked
User Vergiliy
by
8.1k points

1 Answer

3 votes

Answer:

3 years

Explanation:

160 per year, 160*2=320, 160*3=480

answered
User Peleyal
by
7.8k points
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