Question

Samantha deposits $5,000.00 in account that earns 5.5% simple interest. About how many years will it take for her account balance to earn $3,000.00 in interest?

Answer 1

will give a metal

Answer 2

SI = PxTXR/100
3000=5000xTx5.5/100
3/5x100/5.5=T
10 .9 years

Answer 3

the possible answers are


About 2 years



About 5 years



About 11 years



About 20 years

Answer 4

About 11 years

Answer 5

thank you @chrperez28

Answer 6

\[Interest=Principal*Rate*Time\]\[3000=5000*0.055*x\]\[3000=275x\]\[\frac{ 3000 }{ 275 }=\frac{ 275x }{ 275 }\]\[x=10.9\]About 11 years.

Answer 7

thank you @Kash_TheSmartGuy

Answer 8

no prob :)