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

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asked May 26, 2018 220k views

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Arnell · Answer 1 · 2018-05-31T20:05:58+0000

Okay. There is $1,500 in your savings account and your annual interest is 4%. 1,500 * 4% (0.04) is 60. You earn $60 in interest each year. You earn $180 in interest total. 180/60 is 3. There. Your money has been in the bank for 3 years.

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

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