# Delaney is saving money in an account that offers 9% simple interest. She deposits 2000 from her grandmother into the account and makes no additional deposits or withdraws. How many years will it take to grow to 4,700

1 answer

###### Question:

Delaney is saving money in an account that offers 9% simple interest. She deposits 2000 from her grandmother into the account and makes no additional deposits or withdraws. How many years will it take to grow to 4,700

## Answers

Answer:15yearsStep-by-step explanation:Given dataRate= 9%Principal= $2000Final amount= $4700The simple interest formula is given asA= P(1+rt)Substitute4700=2000(1+0.09*t)4700= 2000+ 180t4700-2000= 180t2700=180tt= 2700/180t= 15 yearsHence the time is 15years

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