Question

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

F. 4 Years
G. 5 Years
H. 6 Years
J. 7 Years

Answer 1

I = PRT
600 = 2,000 * 0.06 * t

Solve for t.

Answer 2

It will be 5 years. Correct?

Answer 3

5 * .06 * 2000 = 600
so yes
and see you can check it easily :)