189k views
1 vote
Suppose you deposit $600 in a bank account with a simple interest rate of 2.5%. You want to keep

your deposit in the bank long enough to earn at least $120 in interest. How long should you keep your
deposit in the bank?
To earn at least $120 interest, you should keep your deposit in the bank for year(s).

User Garnet
by
6.9k points

1 Answer

6 votes

Answer:120/2.5%

Explanation:

User Frankenmint
by
6.8k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.