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Susan deposited $275 in a savings account that earns simple interest at a rate of 4.5%. She made no additional deposits and no withdrawals. When Susan closed the account, she had earned a total of $148.
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Susan deposited $275 in a savings account that earns simple interest at a rate of 4.5%. She made no additional deposits and no withdrawals. When Susan closed the account, she had earned a total of $148.50 in interest. How long was the account open?

User Johannchopin
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2 Answers

7 votes

Answer:

12 Year.

Hope this helps

Explanation:

User Dhruv Saraswat
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4 votes

Answer: 12 years

Explanation:

User Nikhil Kothari
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5.2k points
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