Question

NEED HELP ASAP PLSSS WILL MARK BRAILIST!!

You want to save $120,000 to buy your first self-driving magic carpet. You deposit $80,000 in a bank at a simple interest rate of 5%. How many years do you have to wait before you can buy your magic carpet? (*Hint: I=prt)

Answer 1

10

Explanation:

10% of 80000 is 8000

thus 5% is 4000