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1 vote
Tobias' grandfather had left $2,000 in an

account that earned 6% simple interest. Tobias'
grandfather told him that he could have the
money to help pay for college. The account had
earned $3,000 in interest. How many years had
Tobias' grandfather left the money in the
account?

User Banty
by
8.1k points

2 Answers

1 vote

Answer:

25 i think

Explanation:

I sure It's 25 doing the caculations.

User Kuncheria
by
8.6k points
2 votes

Answer:

Years: 25 years .

step-by-step explanation:

Tobias' grandfather had left $2,000 in an account for college. The account earned 6% simple interest and accumulated $3,000 in interest. To determine how many years the money was left in the account, we can use the formula I = Prt, where I is the interest earned, P is the principal (initial amount), r is the interest rate, and t is the time in years. Substituting the given values, we get 3,000 = 2,000 x 0.06 x t. Solving for t gives us 25 years, which means the money was left in the account for 25 years.

User Sarthak Mishra
by
8.8k points