SOLUTION: Scott deposit $8000 in accounts that are in 6% simple interest how long will it be before the total amount is $10,000?

SOLUTION: Scott deposit $8000 in accounts that are in 6% simple interest how long will it be before the total amount is $10,000?

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Question 1023405: Scott deposit $8000 in accounts that are in 6% simple interest how long will it be before the total amount is $10,000?
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
8,000*(1+(0.06x))= 10,000
0.06x+1= 10,000/8000
Divide 10,000/8,000, then subtract 1 from both sides of the equation, and then divide both sides by 0.06
You do the math, use your calculator.
Your answer is: 4.1667 years
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