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You deposit $2000 in an account that earns simple interest at an annual rate of 3.5%. How long you leave the money in the account to earn $175 in interest?​

You deposit $2000 in an account that earns simple interest at an annual rate of 3.5%. How long you leave the money in the account to earn $175 in interest?​
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You deposit $2000 in an account that earns simple interest at an annual rate of 3.5%. How long you leave the money in the account to earn $175 in interest?​

User Mahdi Hijazi
by
8.8k points

1 Answer

3 votes
Answer: T= 6.25 years
User Colin Curtin
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8.3k points
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