Correct me ! My answer [37 years]

Jerry currently has an account balance of $1,109.80. His initial deposit on the account was $775 and it earned 2.7% simple interest. How long has Jerry held the account?

53 years

37 years

11 years

16 years

Question

Correct me ! My answer [37 years] 

Jerry currently has an account balance of $1,109.80. His initial deposit on the account was $775 and it earned 2.7% simple interest. How long has Jerry held the account?

 53 years

 37 years

 11 years

 16 years

anonymous · Answer

simple and compound interest that was for me 15 years ago i could refer you to @jim_thompson5910  and @saifoo.khan