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?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

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

8.5k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

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

9.0k points

0 Comments

Please log in or register to add a comment.

← Prev Question Next Question →

No related questions found

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

No related questions found

Other Questions