bayy080803 bayy080803

15-01-2021
Mathematics

contestada

19
Fred deposits 510,000.00 in an account that earns 8% simple interest. About how many years will it take for his account to earn $5,000.00 in interest?

Respuesta :

lucariomaster1231 lucariomaster1231

15-01-2021

Answer: 1 year

Step-by-step explanation:

510,000 × .08 = 40,800

40,800 is way more then 5k so yeah 1 year

But realistically less than that.

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