SOLUTION: Sam deposits $2,500 in an account that earns 12% simple annual interest.
How many months will it take for Sam's account balance to reach $3,250? Use the simple interest formula
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-> SOLUTION: Sam deposits $2,500 in an account that earns 12% simple annual interest.
How many months will it take for Sam's account balance to reach $3,250? Use the simple interest formula
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Question 983205: Sam deposits $2,500 in an account that earns 12% simple annual interest.
How many months will it take for Sam's account balance to reach $3,250? Use the simple interest formula I=prt, where I = interest, p = principal or amount borrowed, r = rate, and t = time (in years). Answer by solver91311(24713) (Show Source):
