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Sam put $500 into a savings account with a simple interest rate of 6%. He earned $120 of interest. How long was his money in the bank? .Write your response!

Sam put $500 into a savings account with a simple interest rate of 6%. He earned $120 of interest. How long was his money in the bank? .Write your response!
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2 votes
Sam put $500 into a savings

account with a simple interest
rate of 6%. He earned $120 of
interest. How long was his
money in the bank?
.Write your response!

User Kazuaki
by
8.2k points

2 Answers

3 votes

Answer: 6 years

Explanation:

User Mutt
by
8.3k points
7 votes
The money was in the bank 4 years
User Metatheoretic
by
8.0k points
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