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Sami opened an account with a deposit of $4,000. The bank pays 3.5% annual simple interest on this account Sami did not make any additional deposits or withdrawals. How long wil…

Sami opened an account with a deposit of $4,000. The bank pays 3.5% annual simple interest on this account Sami did not make any additional deposits or withdrawals. How long wil…
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Sami opened an account with a deposit of $4,000. The bank pays 3.5% annual simple interest on this account Sami did not make any additional deposits or withdrawals. How long will it take for Sami to earn $2,100 in interest on this account?

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User Alex Dmitriev
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1 Answer

6 votes

Answer: 15 months

Explanation:

Sami opened an account with a deposit of $4,000. The bank pays 3.5% annual simple-example-1
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User Jlindenbaum
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