Ask Question
12 August, 04:54

Jenny's parents deposit $15,000 for her college tuition in an account with a 3% simple interest rate. How long will it take to earn $3600 in interest?

5 years

8 years

10 years

12 years

+1
Answers (1)
  1. 12 August, 06:50
    0
    3% = 0.03

    $15,000 *.03 = $450

    $450 * 8 = $3,600

    answer: 8 years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Jenny's parents deposit $15,000 for her college tuition in an account with a 3% simple interest rate. How long will it take to earn $3600 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers