Kendallforprez2290 Kendallforprez2290
  • 25-01-2020
  • Mathematics
contestada

You deposited $10,000 into a savings account at 6%. After a certain amount of time, you earned $4,800. How long did you have your money in the savings account?

Respuesta :

gsarli gsarli
  • 29-01-2020

Answer:

800 months

Step-by-step explanation:

The formula for interest is:

(Capital * saving account * time) / 100

So:

(10000 * 0.06 * x) / (100) = 4800

We clear x:

(10000 * 0.06 * x) = (100) * 4800

x = 480,000 / (10000 * 0.06)

x = 800 months (66.67 years)

Answer Link

Otras preguntas

What does Caesar do when he realizes that Brutus has stabbed him?
Find the approximate side length of a square game board with an area of 101 in squared
Use what you have learned about monopolies to complete the following sentences. Monopolies competition in the market. In a monopoly, a producer controls the m
Which of the following sports requires a high level of fitness from the beginning?
what does the speaker wats to spit into the face of time​
Billy has a mental age of 8 and a chronological age of 10. Billy’s IQ is A. 92 B. 125 C. 80 D. 108
N^2-4n Help please thanksss
the bees wing are moving very fast the best wings are much smaller than it body ?
y = f(x) = 84 Find f(x) when x= 1/3
Suppose the area of a circle is 254.4696 square inches. Whats the radius of the circle? Use pie=3.1416. A. 18 in B. 81 in. C. 9 in D. 9 in 2