document.write( "Question 1137953: Suppose you have $2350 in your savings account at the end of a certain period of time. You invested $1900 at a 7.94% simple annual interest rate. How long, in years, was your money invested? \n" ); document.write( "

Algebra.Com's Answer #755866 by VFBundy(438) $\"\"$ $\"About$

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If you have $2350 in your savings account, that means you have accumulated $450 interest. ($2350, minus investment of $1900, equals $450.)
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\n" ); document.write( "Interest = Principal * Rate * Time (in years)
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\n" ); document.write( "450 = 1900 * 0.0794 * Time
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\n" ); document.write( "450 = 150.86 * Time
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\n" ); document.write( "2.98290 = Time
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\n" ); document.write( "So, the money was invested for approximately 3 years. \n" ); document.write( "

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