Question

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

Answer 1

Answer: it will take 11 years

Answer 2

Answer: 11 years

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