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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asked Jun 17, 2021 104k views

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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.

Mathematics
high-school

Cjorssen asked

by Cjorssen

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750=(500)(.05)(x)
750=25x
x=30

Nikita Patil answered Jun 23, 2021

by Nikita Patil

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