Register
How many years will it take for $20,000 to earn $7,000 in interest if placed in an account that earns 2.09% simple interest?
232k views
17 votes
How many years will it take for $20,000 to earn $7,000 in interest if placed in an account that earns 2.09% simple interest?

User Rclement
by
7.4k points

1 Answer

7 votes

Answer:

16.7 years

Explanation:

User Jiahao
by
8.1k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
Mr. Jacob is 55 years old and tony is 7 years old. in how many years will mr. Jacobs be 4 times as old as Tony
Link Copied!