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Samantha earned $700 thi ummer. If he depoit the money in a aving account, how many year will it take her to earn $196 in interet at a imple annual rate of 4%? A. 6 B. 7 C. 8 D. 9
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Samantha earned $700 thi ummer. If he depoit the money in a aving account, how many year will it take her to earn $196 in interet at a imple annual rate of 4%?

A. 6
B. 7
C. 8
D. 9

User Calebmer
by
7.5k points

1 Answer

5 votes

Answer:

B. 7

Explanation:


I=Prt \\ \\ 196=700(0.04)t \\ \\ 196=28t \\ \\ t=7

User Tehman
by
9.4k points
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