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How many years did Houston keep his money in his account if he deposits $600 with a 2.5% interest rate and earns $120 in interest?

How many years did Houston keep his money in his account if he deposits $600 with a 2.5% interest rate and earns $120 in interest?
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4 votes
How many years did Houston keep his money in his account if he deposits $600 with a 2.5% interest rate and earns $120 in interest?

User Eladv
by
7.7k points

1 Answer

1 vote
I = Prt
$120 = $600 x 0.025 x t
$120 = $15 x t
t = $120/$15
t = 8
User Tony Pitale
by
7.5k points
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