Asked by anita collins

gordon rosel went to his bank to find out how long it will take for 1,200 to amount to 1,650 at 8% simple interest. round to the nearest tenth
Answered by Writeacher
Math? Finance?? What is the <b>subject area</b> of the question you're asking, not your school name?
Answered by kuai
1650-1200 = 450
1200*0.08 = 96

450/96 = 4.7 years
Answered by Jack
incorrect each year the amount of interest gained would increase it would not be the same for each year it would increase
Answered by DrBob222
Nope, Jack. Here is a link defining simple interest.
http://www.investopedia.com/terms/s/simple_interest.asp
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