Morgan opens a savings account that earns simple interest at the rate of 4.5% annually. If she
initially deposits $50 in the account, what is the minimum number of years it will take for her
savings to be at least $68, assuming she makes no other deposits or withdrawals?

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maddy3lizabeth

30.04.2020

Mathematics

You would have to divide 50 by 4 but you cant cut a block in halve so you would just have one block left over so the answer was 12.5 but it is now 11 with 1 block left over

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Morgan opens a savings account that earns simple interest at the rate of 4.5% annually. If she initially deposits $50 in the account, what is the minimum number of years it will take for her savings to be at least $68, assuming she makes no other deposits or withdrawals?