Question

Mrs. McKay opened an account with a deposit of $2,000. The account earned annual simple interest at a rate of 3.5%. She did not make any additional deposits or withdrawals and earned $280 in interest. How many years did Mrs. McKay have her money in the account?

Answer 1

Answer:

4 years

Step-by-step explanation:

$\frac{3.5}{100} \times 2000 = 70$

$280 \div 70 = 4$

i think it is the right answer