Sarah has $1200.If she invests her money at 4% interest,in how many years will she have $1440? show your work!!
I'm assuming simple interest here
The interest we earn is 1440 - 1200 =$240
So
I = Prt Where P = 1200 and r = .04 {4%}
240 = 1200(.04)t simplify
240 = 48t divide both sides by 48
240/48 = t = 5 years