SOLUTION: Bill deposited $950 into a savings account earning a simple interest rate of 4.70%. How long will it take to earn $5.00 in interest? Express your answer in days

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Question 790257: Bill deposited $950 into a savings account earning a simple interest rate of 4.70%. How long will it take to earn $5.00 in interest?
Express your answer in days
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
5=950*0.047*t
5=44.65t
5/44.65=t
t=0.112 yrs
t=365*0.112
t=41 days