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16 October, 02:40

If I put $ 1500 into my savings account and earned $ 180 of interest at 4 % simple interest, how long was my money in the bank?

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  1. 16 October, 05:08
    0
    I=PRT

    P for Principle Amount

    R for Rate

    T for Time in years

    Substitute:

    180=1500*0.04*T

    180=60T

    3=T

    It was in the bank for 3 years.
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