Tony invests $3,000 dollars in an account earning 12% interest per year. How long will it take him to make $3960 dollars in simple interest? 3 years 5 years 8 years 11 years

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asked Aug 9, 2022 217k views

2 votes

Tony invests $3,000 dollars in an account earning 12% interest per year. How long will it take

him to make $3960 dollars in simple interest?

3 years
5 years
8 years
11 years

Mathematics
college

Shloime Rosenblum asked

by Shloime Rosenblum

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2 Answers

7 votes

Answer: it will take 11 years

Srikanth S answered Aug 11, 2022

by Srikanth S

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4 votes

Answer: 11 years

Step-by-step explanation: 3960 divided 12%= 33,000 divided 3000=11

Jonny Piazzi answered Aug 13, 2022

by Jonny Piazzi

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