document.write( "Question 401114: At a simple annual interest rate of 4.5%, how many years will it take Sam to earn $135 interest on an original deposit of $1,000?
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Algebra.Com's Answer #283824 by algebrahouse.com(1659)![]() ![]() You can put this solution on YOUR website! At a simple annual interest rate of 4.5%, how many years will it take Sam to earn $135 interest on an original deposit of $1,000?\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "In the formula, i = prt: \n" ); document.write( "i = interest \n" ); document.write( "p = principle \n" ); document.write( "r = rate \n" ); document.write( "t = time\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "135 = 1,000(.045)(t) {substituted into formula and changed 4.5% to .045} \n" ); document.write( "135 = 45t {multiplied on right side} \n" ); document.write( "t = 3 years {divided both sides by 45} \n" ); document.write( "www.algebrahouse.com \n" ); document.write( " |