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you want to put $8000 in a simple interest account. it has 2% annual interest rate. how long less you have invest that money to earn $400 in interest?
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2 votes
you want to put $8000 in a simple interest account. it has 2% annual interest rate. how long less you have invest that money to earn $400 in interest?

User Vergiliy
by
5.4k points

1 Answer

3 votes

Answer:

3 years

Explanation:

160 per year, 160*2=320, 160*3=480

User Peleyal
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5.3k points
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