Geneva wants to save $12,000 to buy a new car. She just received an $10,000 bonus and plans toinvest it in an account earning 8% annual simple interest. How long will she need to leave her moneyin the account to accumulate the $12,000 she needs?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
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Geneva wants to save $12,000 to buy a new car. She just received an $10,000 bonus and plans to
invest it in an account earning 8% annual simple interest. How long will she need to leave her money
in the account to accumulate the $12,000 she needs?

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