Luis deposited $500 into his savings account with a simple interest rate of 3%. He wants to keep his deposit in the bank until he earns $120 in interest. For how many years does Luis need to keep his deposit in the bank?

20 sharpened pencils are placed in a box containing an unknown number of unsharpened pencils suppose 15 pencils are removed at random and five of the remove pencils are sharpened based on this is it reasonable to assume that the number of unsharpened pencil is 40 explain your reasoning