Question

BIG IDEAS MATH

#14 i
MODELING REAL LIFE You deposit $2000 in an account that earns simple interest at an annual rate of 4%. How long must
you leave the money in the account to earn $500 in interest?


(answer is in years)

Answer 1

6.25years

Explanation:

2000*4% = 80

500/80 = 6.25

6 years and 3 months