Ask Question
14 September, 08:42

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?

+1
Answers (1)
  1. 14 September, 11:24
    0
    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)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers