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Asked by Lynette

if $1500 grew to $1575 with 4% simple interest how long was the money in the account?
15 years ago

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Answered by Ms. Sue
0.04 * 1500 = 60 for one year

Since 15 is 1/4 of 60, the money must have been in the account one and a quarter years.



15 years ago
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if $1500 grew to $1575 with 4% simple interest how long was the money in the account?

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