ryanwindows005
contestada

Abby earned $600 this past
summer babysitting. She decided
to put this money in a bank that
earns a 5% simple interest rate.
How many years will it take to
double her initial deposit?


do step my step equation or your answer gets reported for false info THANKSSS. I'll mark brainlist ​

Respuesta :

mkhardware112

Answer:

2 years

Step-by-step explanation:

5%× 600= $30

$30×2=$60

not sure if you will get what I mean but that's how I worked it out.

sreedevi102

Answer:

[tex]I = \frac{PRT}{100}[/tex]

P= $600

R= 5%

[tex]I = \frac{600 \times \ 5 \times T}{100} = 30T\\\\[/tex]

A = double the deposit =2  600= $1200

[tex]A = I + P \\1200 = 30T + 600\\30T = 600\\T = 20[/tex]

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