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Alyssa345
Alyssa345 Alyssa345
  • 04-11-2016
  • Mathematics
Answered

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

Verified Answer :

Anonymous Anonymous
  • 04-11-2016


3% = 0.03

$15,000 *.03 = $450

$450 * 8 = $3,600

answer: 8 years

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