Jada deposited $40,000 into her savings account. Her bank has a 5% interest rate. When (in years and months) will Jada earn $6500 in interest for her savings account? Show work

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asked Oct 28, 2022 2.7k views

16 votes

Jada deposited $40,000 into her savings account. Her bank has a 5% interest rate. When (in years and months) will Jada earn $6500 in interest for her savings account? Show work

Mathematics
middle-school

ClaOnline asked

by ClaOnline

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2 Answers

8 votes

Answer:

5 years and 11 months

Explanation:

HOPE IT HELPS :)

Paulo Roberto Rosa answered Oct 29, 2022

by Paulo Roberto Rosa

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12 votes

Answer:

5 years

Explanation:

and 11 months

WloHu answered Nov 1, 2022

by WloHu

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