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Rashida deposits $2,000 into an account that earns 5% annually. If Rashida does not make any more deposits, after how many years will she have earned exactly $205 in interest? 2 years 4 years 8 years 16
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Rashida deposits $2,000 into an account that earns 5% annually.

If Rashida does not make any more deposits, after how many years will she have earned exactly $205 in interest?
2 years
4 years
8 years
16 years

User CyberJ
by
8.5k points

1 Answer

4 votes

Answer:

16 years because she still too young

User SenseException
by
8.0k points
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