document.write( "Question 270853: You have $8000 you would like to deposit into an interest paying account. You find a simple interest account that pays 2% annually. How long must you invest that money in order to earn $400 in interest? \n" ); document.write( "
Algebra.Com's Answer #198361 by rfer(16322)\"\" \"About 
You can put this solution on YOUR website!
i=Prt
\n" ); document.write( "t=i/Pr
\n" ); document.write( "t=400/8000*.02
\n" ); document.write( "t=400/160
\n" ); document.write( "t=2.5 yrs
\n" ); document.write( "
\n" );