Question

Megan is currently in 8th grade and wants to start saving money for college. She wants to invest $2000 in a simple interest account that pays at a rate of 3.5%. How many years will she have to save for the account to gain $490 in simple interest?

A-5 years
B-6 years
C-7 years
D-8 years

Answer 1

Answer would be C-(7) years the correct answer is 70 but if you round it off to the optional choice you would get B which is 7 years feel free to correct me if I’m wrong


Hope this helps

Answer 2

Answer: The answer would be "C"

Explanation:

2000 x .0035 = 70

490/70 = 7