Question

You put $1000 in a savings account. The account earns 5% simple interest per year. How many years will the money need to remain in the savings account in order to earn $200 in interest?

Answer 1

Answer = 28years


After 28 years you’re principal would be $4,032 and 5% of that would be about 200$

Answer 2

Im not sure but i think it is 30.

Explanation: