Register
If a couple invests $5000 in an account that earns a 3% interest rate, how long will they need to invest it to earn $1200 in interest?
69.1k views
1 vote
If a couple invests $5000 in an account that earns a 3% interest rate, how long will they need to invest it to earn $1200 in interest?

User Eric Sassaman
by
8.2k points

2 Answers

0 votes

Answer:

its 10

Explanation:

User Chris F Carroll
by
8.4k points
0 votes
1200/5000*0.03=8 years
User Pontiacks
by
8.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Mr. Jacob is 55 years old and tony is 7 years old. in how many years will mr. Jacobs be 4 times as old as Tony
Link Copied!