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How long would it take $3,600 to earn simple interest of $450 at an annual interest rate of 5%

How long would it take $3,600 to earn simple interest of $450 at an annual interest rate of 5%
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How long would it take $3,600 to earn simple interest of $450 at an annual interest rate of 5%

User Mropa
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1 Answer

6 votes
3,600×.05=180
450÷180=2.5 or 2 1/2 years
User Yngwaz
by
8.6k points
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