Question

PLEASE HELP WILL GIVE MEDAL, FAN, AND TESTIMONIAL!

Answer 1

Sam opened a money-market account that pays 2% simple interest. He started the account with $7,000 and made no further deposits. When he closed the account, he had earned $700 in interest. How long did he keep his account open?
A. 7 years
B. 8 years
C. 6 years
D. 5 years

Answer 2

@bohotness

Answer 3

wghich oen do you think is your answer

Answer 4

i think A or D

Answer 5

7000*n*.02 = 560
n = 4 years

check:
2% interest per year is $140 x 4 = $560

Answer 6

so D @bohotness

Answer 7

yees

Answer 8

now can you help me with 1 more before i give you your medal, fan, and testimonial!

Answer 9

okay

Answer 10

i think a