You deposit $1200 in an account. the annual interest rate is 3%. how long will it take you to earn $108 in simple interest?

It will take 3 years

Step-by-step explanation:

You deposit $12,00 at the interest rate 3%.

Formula of simple interest = I = (p×r×t)

Where p = principal amount (1200)

           r = rate of interest 3% (3/100)

           t = time in years

Now we plug in the values in the formula

108 =

t =

t = 3 years

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step-by-step explanation:

at least i think its