Breanne plans to invest her money into a simple interest savings account. Currently she has $14,374 to invest and the current market rate is 3.3% for annual interest yield. How long (in years) will Breanne need to leave the money in the account for it to earn $7,758 in interest? Round answer to the nearest hundredth (2 decimal places) of a year.

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02-12-2022
Mathematics

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Breanne plans to invest her money into a simple interest savings account. Currently she has $14,374 to invest and the current market rate is 3.3% for annual interest yield. How long (in years) will Breanne need to leave the money in the account for it to earn $7,758 in interest? Round answer to the nearest hundredth (2 decimal places) of a year.

Sagot :

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