Question #c297b
1 Answer
May 15, 2017
Exactly 3 years.
Explanation:
Simple Interest Calculation:
- Kwang deposits money in an account that earns 5% simple interest. He earned $546 in interest 2...
- http://www.investopedia.com/terms/s/simple_interest.asp
- Here's how it works.
#($699-$600)/(5.5%*600)#
#=($699-$600)/(0.055*600)#
#=3#
