SOLUTION: Suppose you have $1350 in your savings account at the end of a certain period of time. You invested $1200 at a 4.34% simple annual interest rate. How long, in years, was your money

SOLUTION: Suppose you have $1350 in your savings account at the end of a certain period of time. You invested $1200 at a 4.34% simple annual interest rate. How long, in years, was your money

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Question 1146232: Suppose you have $1350 in your savings account at the end of a certain period of time. You invested $1200 at a 4.34% simple annual interest rate. How long, in years, was your money invested?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
I=prt
want I to be 150 (1350-1200)
150=1200*0.0434*t
0.125=0.0434 t
t=2.88 years
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