Question

Tina wants to save money for school. Tina invests $1,000 in an account that pays an interest rate of 8%. How many years will it take for the account to reach $1,300?

Answer 1

3years. 10% of 1000 is 100 .so 8% of 1000 is 80. and 300/80 is 3 so 3years and math is my strongest subject. thanks for asking ShawnLove. u can find me on facebook at ShawnLove

Answer 2

It would take 3.41 years for $1,000 dollars to reach $1,300 with an annual interest rate of eight percent.