SOLUTION: How many year's wold you have to keep an inrtial desposit of 10,000 in a bank account earring 6.25% simple intert to have20,000 at the end of that perioid of timm

SOLUTION: How many year's wold you have to keep an inrtial desposit of 10,000 in a bank account earring 6.25% simple intert to have20,000 at the end of that perioid of timm

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Question 252589: How many year's wold you have to keep an inrtial desposit of
10,000 in a bank account earring 6.25% simple intert to have20,000 at the end of that perioid of timm
Answer by drk(1908) (Show Source): You can put this solution on YOUR website!
A simple interest formula is:
I = PRT
replace letters with the appropriate numbers:
20000 = 10000*.0625*T
2 = .0625T
32 = T.
32 years.
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