Tiana deposited 500 into an account that earns 6% simple interest. how many years will it take for the value of the account to reach 2000? ((please show step-by-step))

Question

asked Jul 11, 2021 72.6k views

1 Answer

Michael Wildermuth · Answer 1 · 2021-07-16T23:20:00+0000

Answer:

4 years and 24% simple interest

Explanation:

if 500 make a 6% simple interest then if it asks to get to 2k then it will be like 5x4=20 so 4 years, and it will make 24% vaule of simple interest