if Sonja makes $2100 interest after investing $15,000 at 2.8%, how many years did she invest for?

Question

if Sonja makes $2100 interest after investing $15,000 at 2.8%, how many years did she invest for?

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Ngọc Khuê 4 years 2021-07-25T14:13:44+00:00 1 Answers 8 views 0

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    2021-07-25T14:15:29+00:00

    Answer:

    Sonja invested for 5 years.

    Step-by-step explanation:

    First you have to find how much money she gets in one year.

    To do this you would have to multiply 15,000 and 2.8.

    15,000 x 2.8 = 42000

    You move the decimal 2 spaces forward since there are 3 zeros in 15,000 and one decimal place in 2.8.

    This gives you 420.

    To find how many years it takes for her to make $2100 you have to divide

    2,100/420.

    This gives you 5, which means that she invested for 5 years.

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