Deshawn deposited $6500 into a bank account that earned 11.5% simple interest each year. he earned $4485 in interest before closing the account. no money was deposited into or withdrawn from the account. how many years was the money in the account?
Deshawn Deposited $6500 Into A Bank Account That Earned 11.5% Simple Interest Each Year. He Earned $4485 In Interest Before Closing The Account. No Money Was Deposited Into Or Withdrawn From The Account. How Many Years Was The Money In The Account?
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Deshawn Deposited $6500 Into A Bank Account That Earned 11.5% Simple Interest Each Year. He Earned $4485 In Interest Before Closing The Account. No Money Was Deposited Into Or Withdrawn From The Account. How Many Years Was The Money In The Account?. The simple interest calculator calculates the interest and end balance based on the simple interest formula. Click here 👆 to get an answer to your question ️ deshawn deposited $6500 into a bank account that earned 11.5percent simple interest each year.
SOLVED Suppose that 17,000 is invested in a savings account paying 6.1 from www.numerade.com
Fill in the blue boxes with the required numbers. 【solved】### 6 years explanation ## step 1: Deshawn deposited $6500 into a bank account that earned 11.5% simple interest each year.
Simple Interest Is Calculated On The Amount Of Principal, Where.
This was calculated using the simple interest formula with the given principal, interest rate, and interest earned. 【solved】### 6 years explanation ## step 1: If no money was deposited into or.
This Calculator Can Help You Deal With All Kinds Of Simple Interest.
Benita deposited 1300 dollars into her account and the account earned 5.75 percent, simple interest and the interest that she earned was 299 dollars before she closed the. Choose whether you want to calculate simple interest (i), principal (p), interest rate (r) or duration/period (t). Deshawn's money was in the bank account for approximately 6 years.
Click The Tabs To Calculate The Different Parameters Of The Simple Interest.
Fill in the blue boxes with the required numbers. Calculate simple interest on a savings principal using the formula for simple interest i = prt. Deshawn deposited $6500 into a bank account that earned 11.5% simple interest each year.
Simple Interest Calculator Finds The Principal Amount, Interest Amount And Interest Rate Using Simple Interest Formula.
He earned $4485 in interest before closing the account. The simple interest calculator calculates the interest and end balance based on the simple interest formula. Click here 👆 to get an answer to your question ️ deshawn deposited $6500 into a bank account that earned 11.5percent simple interest each year.
Identify The Known Values ### We Know The Principal Amount P = \ 6500, The Interest Rate R = 11.5\% = 0.115 (As A D.