Answer: 333
( sorry if this is wrong)
Step-by-step explanation:
Answer:
4.48 years
Step-by-step explanation:
The formula for simple interest is
A = P(1+r*t), with A being the final amount, P being the initial amount, r being the interest rate, and t being the time. Plugging our values in, we get
1750 = 1500(1+0.0372 * t)
Note that 3.72 was translated into 0.0372 as changing percents to decimals requires dividing by 100
Expanding our equation, we get
1750 = 1500 + 55.8 * t
subtract 1500 from both sides to isolate the t and its coefficient
250 = 55.8 * t
divide both sides by 55.8 to get t
t = 4.48
