Question

Liam made a deposit of $31,050 into an account with a rate of 20%. How long should he leave the money into the account if he wants to earn $93,150 in interest?

Answer 1

Answer 15 years

Step-by-step explanation: 93,150/31,050=3

if you want the number to be multiplied by three you need it to increase by 300%.

300/20=15

31050x(20%x15)=93,150