Question

Scott deposits 8,000 in an account that earns 6% simple interest paid annually . How long will it be before the total amount is 10,000?

Answer 1

Are there any options?

Answer 2

No

Answer 3

lol sorry Stewie

Answer 4

@Carolinag @dan815 @DragonFall @DAshingNii @frankhecker @fatimatahir

Answer 5

To calculate simple interest, you have to do this equation:
I=P*r*t
I=interest
P=principal
r=rate of interest per year
t=time in years that the money earns interest

Answer 6

i know that i need the answer pronto

Answer 7

Then plug into the equation using 2000 as the interest, 8000 as the principal and 6% as the rate.

Answer 8

ok ty.