SOLUTION: How many months would it take to earn $450 on a deposit of $8,000 earning 4.5% simple interest?

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Question 1108313: How many months would it take to earn $450 on a deposit of $8,000 earning 4.5% simple interest?
Answer by addingup(3677) About Me  (Show Source):
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:
t = 450/(8000*0.045) = 1.25 years