sparkles3865
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Andrew is saving up for a down-payment for his first car. Andrew invested $5,000 in an account earning 3.5% simple interest. He earned $1,050 in interest. For how many years was Andrew's money invested? A) 6 years B) 2 years C) 1.5 years D) 5 years

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Riia

It is given in the question that

Andrew is saving up for a down-payment for his first car. Andrew invested $5,000 in an account earning 3.5% simple interest.

And the interest he earned is $1050.

Let Andrew's money was invested for x years .

Now we use the simple interest formula, which is

[tex]I = P r t[/tex]

Substituting the given values in the formula , we will get

[tex]1050 = 5000*0.035*x[/tex]

[tex]1050=175x[/tex]

Dividing both sides by 175,

[tex]x=6[/tex]

Therefore the correct option is A .

LoreleiHymel

Answer:

a

Step-by-step explanation:

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