Question
How many years was the money in the account?Gloria deposited $500 into a bank account that earned 7.5% simple interest each year. She earned $225 in interest before closing the account.
No money was deposited into or withdrawn from the account.
How many years was the money in the account?
No money was deposited into or withdrawn from the account.
How many years was the money in the account?
Answers
225 = n (0.075)(500)
n = 6
n = 6
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