Ask Question
5 July, 23:46

If i put 1500 into my savings account and earned 180.00 of interest at 4% simple interest, how long was my money in the bank

+5
Answers (1)
  1. 6 July, 00:03
    0
    4% of $1500 is 0.04 x 1500

    = 60

    So each month, $60 interest is saved

    180 : 60 is 3, so therefore the money was in the bank for 3 months.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If i put 1500 into my savings account and earned 180.00 of interest at 4% simple interest, how long was my money in the bank ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers