Isuppose you deposit 600 in bank account with the simple interest rate of 2.5% you want to keep your deposit in the bank long enough to earn earn at least $120 in interest how long should you keep your deposit in the bank

The time period for deposit in bank is 8 years .

Step-by-step explanation:

Given as :

The principal amount deposited in account = p = $600

The rate of interest = r = 2.5% simple interest

The Interest earn after T years = s.i = $120.

The time period for deposit in bank = T years

Now, From Simple Interest method

Simple Interest =

Or, s.i =

Or, $120 =

Or, 120 =

Or, $120 = $15 × T

∴  T =

i.e T = 8 years

So, The time period for deposit in bank = T = 8 years

Hence,The time period for deposit in bank is 8 years . Answer

ome people is not even worth it to even try it in the air.

step-by-step explanation: