heaveneison14 heaveneison14

04-05-2020
Mathematics

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Jared invests $10,000 in a savings account that pays 3% simple interest. How many years will it take for the account to grow to $12,700, if he makes no withdraws or deposits?

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8smartcookie8 8smartcookie8

04-05-2020

the answer:

it would take 9 years for the account to grow to $12,700

the steps:

10,000 x .03 = 300

2,700 divided by 300 is 9

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