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Peter's simple annual interest account currently has $1128.50. He remembers that he originally placed $925 at a rate of 5.5%. How many years ago did Peter place money into his account?
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Nov 15, 2022
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Peter's simple annual interest account currently has $1128.50. He remembers that he originally placed $925 at a rate of 5.5%. How many years ago did Peter place money into his account?
Mathematics
middle-school
Barry Chum
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x = the number of years
1128.50 = 925 + 5.5x
1128.50 - 925 = 925 + 5.5x - 925 (subtraction property of equality)
203.5 = 5.5x
203.5/5.5 = 5.5x/5.5
x = 37 years ago
LiverpoolOwen
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Nov 16, 2022
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Answer:
h
Explanation:
Regressor
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Nov 21, 2022
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