Question

Jessica deposits her summer babysitting earnings, $600, in a savings account. How many years will it take her to earn $150 in interest at a simple annual rate of 5%? Enter the correct number in the formula.

Answer 1

I = PRT

I = Interest earned, P = principal/amount invested, R = rate in decimal form, T = time in years

Plug in what we know:
150 = (600)(0.05)(T)
150 = 30T
5 = T

5 years

Answer 2

Answer:

5 years

Step-by-step explanation: