anonymous
  • anonymous
if i put 1500 into my savings accounts and earned 180 of interest at 4% , how long was my money in the bank
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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wolf1728
  • wolf1728
The formula to calculate total is total = principal * (1 + rate) ^ years we must solve it for years so Years = log (total/principal) / rate Years = ln(1,680/1,500)/.04 Years = (0.1133286853)/.04 Years = 2.8332171327 Here's a calculator to check that answer http://www.1728.org/compint.htm
wolf1728
  • wolf1728
Thanks for the medal :-)

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