Bonita deposited $1300 into a bank account that earned 5.75% simple interest each year. She earned $299 in interest before closi
ng the account.
If no money was deposited into or withdrawn from the account, for how many years was the money in the account?
1 answer:
4 years
using I = PRT
then T = 
calculate PR = 1300 ×
= 74.75, hence
T =
= 4 years
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