asked 632 views
0 votes
If i put 1500 into my savings account and earned 1800 of interest at 4% simple interest, how long was my money in the bank

asked
User Crow
by
8.0k points

1 Answer

6 votes
$1500 at 4% interest pays $60 a year. $1,800 / 60 = 30 years
answered
User Kushyar
by
8.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.