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Megan opened a retirement account with a deposit of $1200. This account earns 5% simple interest annually. How many years will it take for his $1200 deposit to earn $720 interes…

Megan opened a retirement account with a deposit of $1200. This account earns 5% simple interest annually. How many years will it take for his $1200 deposit to earn $720 interes…
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Megan opened a retirement account with a deposit of $1200. This account earns 5% simple interest annually. How many years will it take for his $1200 deposit to earn $720 interest

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User Jakirkham
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8.1k points

2 Answers

0 votes

Answer:12

Explanation:

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User Wolf McNally
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8.5k points
4 votes

Answer:

12 years

Explanation:

answered
User Coltin
by
8.3k points
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