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

Consider the scatter plot. Select True or False for each statement. Statement: The scatter plot shows no association. As the x-values increase, the y-values d
Confused confused confused confused confused confused confused confused. Very confused. Confused. Confused. Honestly confused.
What's Graduation Alliance like?
A__ is only added to the end of a word to change its meaning. A. prefix O B. suffix C. root O D. affix < PREVIOUS
How many terms are in the following expression? 2x + 5t -6
Question #2 (a): A 500 kg block is released from rest and slides down a frictionless track that begins 2.00 m above the horizontal, as shown in Figure below. At
All of the following should be considered when designing a study except… A. the type of research method to use B. how to interpret collected data C. who the par
whats a good topic sentence for entertainment on smartphones
PLEASE HELP ASAP!! will mark brainlest!
A student creates a table of the equation y = 5x + 8. The student begins the table as shown below. Which shows the correct headings for the columns?