ccush1972 ccush1972
  • 17-02-2015
  • Mathematics
Answered

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



Answer :

elpro217
elpro217 elpro217
  • 17-02-2015
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

Answer Link

Other Questions

what is the imaginary line that circles the globe halfway between the North and South poles
how do solve 21s=3 ?
What is the GCF of 32 and 48
What's the algebraic expression of "4 times a number cubed decreased by 7"?
What prevents ions from crossing the plasma membrane via simple diffusion? A. Ions are too large. B. Ions carry a charge. C. Ions are hydrophobic. D. Ions do n
what is the complete subject in the following sentence? the young boy rode the bus to school.
What's the algebraic expression of "15 less than a number squared"?
What would I put for the digit valuenumber 601,099 in the ten thousand place+
Brandon owns nearly 2 times as many CDs ads Ingrid. Brandon owns 56 CDs. Write an equation and use it to estimate the number n of CDs Ingrid owns.
how can I use multiple representations to indicate positive and negative values