asked 12.2k views
0 votes
Gloria deposited $500 into a bank account that earned 7.5% simple interest each year. She earned $225 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No money was deposited into or withdrawn from the account.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?

Round your answer to the nearest whole year.

2 Answers

2 votes

Answer:

6

Explanation:

answered
User Marschro
by
8.0k points
3 votes

Answer:

6

Explanation:

7.5 % × 500 = 37.5

37.5 × 6 = 225

answered
User Ezzadeen
by
9.0k points
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