The total amount in Dana's account will consist of her $3,000 investment plus $1,500 in interest earned. The formula for simple interest is I = Prt Substituting given values, we have 1500 = 3000×0.05×t = 150t 1500/150 = t = 10
It will take 10 years for the total amount in Dana's account to reach $4,500.
