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OpenStudy (anonymous):
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.)
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OpenStudy (anonymous):
A. 35 yrs B. 31yrs C. 29yrs D. 33yrs
OpenStudy (anonymous):
help plz
OpenStudy (anonymous):
About 11.896 years .... 11 years and 11 months Ryan would be 19 years old.
OpenStudy (anonymous):
Do you know Simple Interest formula?
OpenStudy (anonymous):
@cesar2462 do you want to learn how to solve it?
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OpenStudy (anonymous):
do 8000 divided my 4 and then divide that answer bye 10,000 and then you will get ur answer
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