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Kamal put 500 in a savings account that earns simple interest. The interest rate is 5%. How long will it take Kamal to earn $500 in interest from this account if he makes no oth…

Kamal put 500 in a savings account that earns simple interest. The interest rate is 5%. How long will it take Kamal to earn $500 in interest from this account if he makes no oth…
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kamal put 500 in a savings account that earns simple interest. The interest rate is 5%. How long will it take Kamal to earn $500 in interest from this account if he makes no other deposit or withdrawal

User Lorrene
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6.9k points

1 Answer

1 vote

Answer:

20 years

Explanation:

User Charles Bandes
by
7.9k points
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