Question

30 POINTS !! PLEASE HELP ASAP!!

For Patricia’s graduation, she was gifted $1000. She wanted to put it in a savings account. The account she put it in earns 4% simple interest. She goes to college and does not touch her money until college graduation. She now has a total of $1,160.

a) How many years was she in college?

A) 2
B) 4
C) 6
D) 8



b) Based on how many years she was in college, what degree did she earn?

A) Associate’s
B) Bachelor’s
C) Master’s
D) Doctorate

Answer 1

B) for the first question

B) for the second question

Explanation:

1,000 x 4% x 4 years = 160

160 + 1,000 = 1,160

A bachelors degree is earned for staying college for 4 years

Answer 2

Answer: a) 4 b) Bachelor’s

Steps:
1000 * 4%
1000 * 0.04
40

1000 + x = 1160
x = 160

160 / 40 = 4

Went to school for 4 years

A 4 year college degree is a bachelor’s degree