Question
Roland's mom saved money for college she put $5,000 into savings account with a 4% interest rate when she withdrew it it had earned 400 dollars in interest . How many years was the money in the bank?
Answers
Ms. Sue
I = prt
400 = 5,000 * 0.04 * t
400 = 200 t
400/200 = t
2 = t
400 = 5,000 * 0.04 * t
400 = 200 t
400/200 = t
2 = t