SOLUTION: you invest $200 into a savings account that earns 2% simple annual interest. How long will it take to earn $50 in interest?

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Question 313165: you invest $200 into a savings account that earns 2% simple annual interest. How long will it take to earn $50 in interest?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


Multiply 200 by 0.02 to find out how much your earn in 1 year. Divide 50 by that amount to get the number of years to earn $50.

John