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If Janine deposits $500 in a bank account that earns 5% interest annually, how many years will it be before she has earned $750 in interest? Use the equation I = prt.

If Janine deposits $500 in a bank account that earns 5% interest annually, how many years will it be before she has earned $750 in interest? Use the equation I = prt.
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If Janine deposits $500 in a bank account that earns 5% interest annually, how many years will it be before she has earned $750 in interest? Use the equation I = prt.

User Cjorssen
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7.7k points

1 Answer

5 votes
750=(500)(.05)(x)
750=25x
x=30
User Nikita Patil
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7.4k points
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