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29 November, 12:21

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

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  1. 29 November, 13:33
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    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.
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