jalisse12prince
jalisse12prince jalisse12prince
  • 03-03-2018
  • Mathematics
contestada

If I put 1500 into my savings account and earned $180.00 of interest at 4% simple interest, how long was my money in the bank?

Respuesta :

jaclouisces
jaclouisces jaclouisces
  • 03-03-2018
4% of $1500 is 0.04 x 1500
= 60

So basically each month, $60 interest is saved

180 ÷ 60 is 3, so the money was in the bank for 3 months.
Answer Link

Otras preguntas

how do solve 21s=3 ?
How did king james 1 important to the survival of the Jamestown settlers
How did king james 1 important to the survival of the Jamestown settlers
Equivalent decimal are decimal that have the same value. TrueOrFalse
this is for algebra 1 My two numbers add up to 12. Three times my first number plus twice my second number is 29. Which two numbers is she thinking of? Show yo
By tradition, when does the presidential campaign begin?
what is the least 10 digit whole number
give me a sentence with the words risk and wages
The moon is about 240,000 miles from Earth period what is the distance written as a whole number multiplied by a power of 10
What motivated Europeans to begin looking to distant lands?