document.write( "Question 1108313: How many months would it take to earn $450 on a deposit of $8,000 earning 4.5% simple interest? \n" ); document.write( "
Algebra.Com's Answer #723341 by addingup(3677)![]() ![]() You can put this solution on YOUR website! Calculate time: t = I/Pr where t is the time, I is the interest amount, P the principal, and r the rate of interest: \n" ); document.write( "t = 450/(8000*0.045) = 1.25 years \n" ); document.write( " |