asked 101k views
25 votes
An opened a sevings account with $300 and was paid simple interest at an annual rate of 5%. When Ann closed the account, she

was paid 75 in interest. How long was the account open for, in years?

1 Answer

7 votes

Answer:

it would have took 15 years

answered
User BenR
by
8.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.