minimousechicken minimousechicken

22-01-2021
Mathematics

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(PLEASE ADD STEPS TOO) Hannah deposits $650 in a savings account at 8% simple interest. How long will it be till she earns $156 in interest

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vintxge24 vintxge24

22-01-2021

Answer:

34 months!!

Step-by-step explanation:

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rosethedog rosethedog

24-01-2021

you multiply $650 by 1.08, you get $702. This means that she gets $52 in interest. You then divide $156 by $52. The answer is 3.

This means that it will take Hannah 3 years to earn $156 in interest

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