Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Ask your questions and receive precise answers from experienced professionals across different disciplines. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

Tony invests $3,000 dollars in an account earning 12% interest per year. How long will it take
him to make $3960 dollars in simple interest?

3 years
5 years
8 years
11 years

Sagot :

Answer: 11 years

Step-by-step explanation: 3960 divided 12%= 33,000 divided 3000=11