ityeoboy2210
29.10.2020 •
Mathematics
Mr. Smith opened a retirement account with a deposit of $900. This account earns 5% simple interest annually. How many years will it take for his $900 deposit to earn $360 interest?
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Ответ:
8 months=0.6 years
Step-by-step explanation:
I =PRI, where I is the interest=$360
where P is the principal=$900, and
where T is the time in year.
I =PRI
$360=$900*5%*T
$360=$900*5/100*T
$360=9*5*T
$360=45T
$360/45=45T/45
T=360/45
T=8 months=0.6 years
Ответ: