Ryan was 8 when his parents invested $4000 in a certificate of deposit that pays 6%. If Ryan leaves the account alone until it reaches $10,000, how old will he be? (Assume that the interest is not compounded annually.)

Question

anonymous · Answer

A. 35 yrs
B. 31yrs
C. 29yrs
D. 33yrs

anonymous · Answer

help plz

anonymous · Answer

About 11.896 years .... 11 years and 11 months
Ryan would be 19 years old.

anonymous · Answer

Do you know Simple Interest formula?

anonymous · Answer

@cesar2462 do you want to learn how to solve it?

anonymous · Answer

do 8000 divided my 4 and then divide that answer bye 10,000 and then you will get ur answer