56.6k views
19 votes
(PLEASE ADD STEPS TOO) Hannah deposits $650 in a savings account at 8% simple interest. How long will it be till she earns $156 in interest

User Msell
by
7.4k points

1 Answer

14 votes
you multiply $650 by 1.08, you get $702. This means that she gets $52 in interest. You then divide $156 by $52. The answer is 3.

This means that it will take Hannah 3 years to earn $156 in interest
User Riegersn
by
8.8k points

No related questions found

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

9.4m questions

12.2m answers

Categories