Broooookkkklyyynnnnn Broooookkkklyyynnnnn

19-11-2020
Mathematics

contestada

Suppose Huston deposit $600 into a savings account with a simple interest rate of 2.5%. How many years would he have to keep his money in the bank in order to earn at least $120 in interest?

Respuesta :

mhanifa mhanifa

19-11-2020

Answer:

At least 8 years

Step-by-step explanation:

Deposit = $600

Interest rate = 2.5% simple

Time = x years

Target interest amount ≥ $120

600*0.025*x ≥ 120
15x ≥ 120
x ≥ 120/15
x ≥ 8 years

At least 8 years

Answer Link

Otras preguntas

What artifacts did the Minoans produce?

Why is most of Florida a peninsula

Why was America’s victory at Yorktown among the most significant battles of the American Revolution? (a)It made the British realize they were fighting a lost ca

Im getting confused with this easy problem.. Shelly ate 4.2 ounces of trail mix. Marshall ate 4.25 ounces of trail mix. How much did Marshall eat? Do u think it

How to change 54% to a decimal number

Tom ate 4/5 of a 300g bar of chocolate . How many grams of cholate did he eat and how do u work out plzz show me

Donny is a wide reciever on the football team and he is practicing his routes. Coach keeps telling him that he needs to accelerate through the catch. Donny's pr

which is greater 3/4 or 1/4

Which of the following statements is true about relations between Columbus and the Native Americans? A. They enjoyed a long and prosperous trading relationshi

In which country did President George H.W. Bush's diplomatic skills result in a foreign policy that demonstrates the power of multilateralism?