Please step by step with formula. Suppose that you deposit $3,850 in an account paying 4.65% simple interest. How long will it take to earn $150 in interest?

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asked Dec 18, 2022 118k views

5 votes

Please step by step with formula.

Suppose that you deposit $3,850 in an account paying 4.65% simple interest. How long will it take to earn $150 in interest?

Mathematics
college

GenericJam asked

by GenericJam

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1 Answer

5 votes

Answer:

0.837

Explanation:

3850*4.65%=179.025

150/179.025=0.837

0.837

Shiroy answered Dec 24, 2022

by Shiroy

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