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  • 16-02-2017
  • Mathematics
Answered

Nicole deposited $2,000 at 6% simple interest. How long will it be before she has $2,600 in her account?

Verified Answer :

jdoe0001 jdoe0001
  • 16-02-2017

\(\bf \qquad \textit{Simple Interest Earned Amount}\\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\to &2,600\\ P=\textit{original amount deposited}\to& \$2,000\\ r=rate\to 6\%\to \frac{6}{100}\to &0.06\\ t=years \end{cases}\)

solve for "t"

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