Ask Question
2 September, 05:27

Joe deposits $30,000 for his retirement in an account with a 6% simple interest rate. How long will it take Joe to earn $21,600 in interest?

+3
Answers (1)
  1. 2 September, 06:20
    0
    T=i/pr

    t=21,600: (300,000*0.06)

    t=1.2 year
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Joe deposits $30,000 for his retirement in an account with a 6% simple interest rate. How long will it take Joe to earn $21,600 in interest? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers