Suppose you deposit $600 in a bank account with a simple interest rate of 2.5%. you want to keep your deposit in the bank long enough to earn at least $120 in interest. how long should you keep your deposit in the bank? to earn at least $120 interest, you should keep your deposit in the bank for [blank] year(s). (round up to the nearest year.)

1 ) the formula used to calculate the simple interest is

I = Ci*n,  f his formula you obtain n , that is the time in years  n = I/ Ci, where c is the initial  capital,  i is the  earned interest  , and i is he rate of interest,

n = 120/600 (0,025) = 120 / 15 =  8 , at 8 years, you will obtain $ 120 of INTEREST

step-by-step explanation :

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the measurement of the outer angle is the semi-difference of the arcs which comprises

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