agrabarkiewicz agrabarkiewicz

04-05-2016
Mathematics

contestada

If i put $1500 into my savings account and earned $180 of interest at 4% simple interest, how long was my money in the bank

Respuesta :

04-05-2016

The "interest" is always the annual rate, that is, 4% for a year.

The percent of interest you earned is (180/1500) = 0.12 = 12% .

Since you got 4% per year, your money was in the bank for

(12 %) x (1 year / 4%)

= (12 x 1 / 4) (% / %) (year) = 3 years .

Answer Link

Otras preguntas

Which of the following is not the same as positive 7? 1. 0 +7 2. 07 3. 7 units to the left of O on a number line 4. the opposite of -7

What are your responsibilities at home and at school? Write and explain briefly ; any two points each. for example i help my mom cook food reason it takes ti

28 is 7 times what number? please help its for 6th graed

If you were writing an essay on the use of standardized test scores for college admittance, which research source listed below is MOST likely to be unbiased, ac

Why are cells so small?

andWhy the computer is called dilligentVersatile machine?give long answer

Which statement best expresses the central idea of the passage? A. Many cultures celebrate the transition from childhood to adolescence in the exact same way. B

Which statement is best structured to make a direct statement about one idea? O A. When I was little, I loved trying all kinds of music,and my parents always en

Carefully study the map above. Which of the following statements best describes the population density of the Oklahoma Panhandle? A. It has less than 100 people

Which ordered pairs are in the solution set of the systern of linear inequalities? y> -1/2x y< -1/2x+1 (5,-2), (3, 1), (-4, 2) (5,-2), (3, -1), (4, -3) (