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6 November, 08:13

Pat deposited $2000, at 6% simple intrest. how long will it be before she has $2600 in her account?

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  1. 6 November, 08:34
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    Simple interest=PRT P=principal (initial amount) R=interest rate T=time (in years)

    she wants 2600 in her account so 2600-2000=600 dollars in interest so

    600=2000*.06*T

    600=120T 600/120=5 so in 5 years her account balance will be $2600
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