Michelle deposits P1o,000 in an account that eams 8% simple interest. How long will it take for the total amount in her account to reach P12,00o?+ is the equivalent of 30% in decimal form? O 2.3 years O 2.4 years O 2.5 years O 2.6 years SLIDESMANIA.COM

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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Michelle deposits P1o,000 in an
account that eams 8% simple
interest. Houw long will it take for
the total amount in her account to
reach P12,00o?tisthe equivalent
of 30% in decimal form?
O 2.3 years
O 2.4 years
O 2.5 years
2.6 years
SLIDESMANIA.COM
Transcribed Image Text:Michelle deposits P1o,000 in an account that eams 8% simple interest. Houw long will it take for the total amount in her account to reach P12,00o?tisthe equivalent of 30% in decimal form? O 2.3 years O 2.4 years O 2.5 years 2.6 years SLIDESMANIA.COM
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