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How long will denise have to leave $4000 in the bank to earn $200 in simple interest at 2%?

User Andreana
by
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2 Answers

4 votes

Answer: 2.5 years

Explanation:

200= 4,000 • 0.02 • x

4,000 • 0.02 = 80

200/80= 2.5 years

User Phyllis
by
8.2k points
1 vote

4000 * .02= 80. 80 * 2.5= 200. 2.5 years.


User Ironfroggy
by
8.1k points

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