A bank deposit yields $802.50 in interest every year. How many years will it take to yield 6.42 times 10^4 dollars? Write the answer in scientific notation.

1 answer

To find out how many years it will take for the bank deposit to yield \( 6.42 \times 10^4 \) dollars in interest, we can set up the following equation:

\[ \text{Total Interest} = \text{Annual Interest} \times \text{Number of Years} \]

In this case, we have:

\[ 6.42 \times 10^4 = 802.50 \times \text{Number of Years} \]

Now, we solve for the number of years:

\[ \text{Number of Years} = \frac{6.42 \times 10^4}{802.50} \]

Calculating that:

\[ \text{Number of Years} = \frac{64200}{802.50} \approx 80.0 \]

Next, we express \( 80.0 \) in scientific notation. The number \( 80.0 \) can be written as:

\[ 8.0 \times 10^1 \]

Thus, the answer in scientific notation is:

\[ \boxed{8.0 \times 10^1} \]