Kayleigh wants to buy a car that costs $13,080.00. She deposits $12,000.00 into a savings account that earns 3% simple interest. How long must Kayleigh leave the money in the savings account to be able to buy the car
The formula is A=p (1+rt) A cost of the car 13080 P amount deposited 12000 R interest rate 0.03 T time? Solve for t T=[(A/p)-1]÷r T=((13,080÷12,000)−1)÷0.03 T=3 years
