Raychel231 Raychel231

22-02-2021
Mathematics

contestada

You put $500 in a savings account with a simple interest rate of 3%. How long did it take you to earn $30 interest?

I =

P =

r =

t = ?

Respuesta :

carlos149 carlos149

22-02-2021

Answer:

2 years.

or

2 interest rates.

Step-by-step explanation:

The interest rate is per year.

3% of 500 = 15

so it took 2 years.

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