Question

Hector puts a principal of $5,600 in a savings account with a simple interest rate of 8%. After several years, he

withdraws the balance of $11,424. How many years did he leave his investment in this particular savings account?
Simple interest: I = Pirit
11 years
12 years
13 years
14 years
Done

Answer 1

13

Explanation:

Answer 2

13 years

first calculate interest and use formula

SI=ptr/100.