DiamondAngels2218 DiamondAngels2218

12-05-2021
Mathematics

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You put $2000 in account with a simple rate of 1.5% how long does it take for the account to earn $60

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Ritmeks Ritmeks

13-05-2021

Answer:

0.5

Step-by-step explanation:

The formula is I= prt

I= 60

P= 2000

r= 1.5%

60= 2000×1.5/100×t

60= 30t

t= 30/60

= 0.5

Hence the time required is 0.5 years

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