You deposit $800 in an account that earns simple interest at an annual rate of 5%. How long must you leave the money in the account to earn $100 in interest? A=P(1+rt)

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asked Jan 13, 2023 20.9k views

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You deposit $800 in an account that earns simple interest at an annual rate of 5%. How long must you leave the money in the account to earn $100 in interest?

A=P(1+rt)

Mathematics
high-school

Muhammad Hewedy asked

by Muhammad Hewedy

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4 votes

2.5 years? I used desmos graphing calculator.

Tendulkar answered Jan 19, 2023

by Tendulkar

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