How long does it take an account with a principal of $400 to earn $48 in interest at a simple annual interest rate of 2%?

asked Apr 4, 2022 165k views

2 votes

by IHS

3.2k points

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8 votes

Answer:

it'll take 6 years

Explanation:

I =put

48= 400(.02) t

48= 8t

t= 6 years

Peter Theill answered Apr 11, 2022

3.5k points

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