Question

Gloria
deposited $500 into a bank account that earned 7.5% simple interest each year. She earned $225 in interest before closing the account. If no money was deposited into or withdrawn from the account, for how many years was the money in the account? Round your answer to the nearest whole year.

Answer 1

BRAIN FART

Answer 2

@Trillboij

Answer 3

HMMM!

Answer 4

Need some time to think.

Answer 5

k

Answer 6

your teamwork's 100!

Answer 7

wow.............

Answer 8

;)

Answer 9

The answer is 30 I believe.

Answer 10

Just divide 225/ 7.5

Answer 11

you sure? because it said round to the whole year...nothing percentage or fractions?

Answer 12

im kind of confused

Answer 13

Aint 30 is a whole a number?

Answer 14

yea but i got 6 years not 30

Answer 15

How did you six?

Answer 16

just thinking that a long time to have money in a bank

Answer 17

i did this....

Answer 18

True.

Answer 19

You might be write.

Answer 20

500 x 45% = 225
7.5% x 6(years) = 45%

Answer 21

I'm bad at word problems

Answer 22

same.....xD

Answer 23

Wait.

Answer 24

What's 7.5% of 500?

Answer 25

37.5

Answer 26

and if we round that we get 40.

Answer 27

Any options?

Answer 28

:( nope

Answer 29

just stuck...........with INFINITE

Answer 30

OH GOD LLOL

Answer 31

yeap..............so ill just go with 6 years..........

Answer 32

:(

Answer 33

*crys*

Answer 34

jk

Answer 35

Yeah its 6 years!

Answer 36

lol you see i asked here and you know what......................

Answer 37

lol

Answer 38

Can I get a star?

Answer 39

;)

Answer 40

you are starred

Answer 41

xD

Answer 42

ok NEXT

Answer 43

lol

Answer 44

Simple interest formula:
SI = Principle * Interest rate * Years

225 = 500 * 0.075 * T
225/(500 * 0.075) = T
T = 6

So in 6 years, you will accumulate 225 dollars in interest by placing 500 dollars in for a rate of 7.5%

Answer 45

^^

Answer 46

7.5 persnt

Answer 47

:o