SOLUTION: you deposit $200 in an account that earns 10% interest. how many months will it take to earn $50 interest

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Question 595742: you deposit $200 in an account that earns 10% interest. how many months will it take to earn $50 interest
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
50=200*0.10*t
50=20t
50/20=t
t=2.5 yrs
t=30 mo