25wattk
contestada

Im givin brainliest and 100 points to the first person who answers this
The equation I equals P times r t gives the amount of interest a bank account receives after a certain period. An individual invests $6,000 into an account that receives 7% interest. How much time has passed if the amount of interest is $3,360?

Respuesta :

Answer:

8 years

Step-by-step explanation:

With Simple interest you can calculate the annual interest at 6000x.07=$420 annual interest

Take the Total Interest $3360/$420= 8 Years

ACCESS MORE