You deposit $5000 in an account that earns 5% simple interest. How long will it take to earn $800 in interest?

3.2 years

Step-by-step explanation:

You are going to want to use the simple interest formula for this:

I = interest amount

P = principal amount

r = interest rate (decimal)

First, change 5% into a decimal:

5% -> -> 0.05

Now, lets plug the values into the equation:

It will take 3.2 years to earn $800 in interest.

answer: i believe its b. if you sound out the sentences that sounds wrong.