Question

Chelsey put $450 off bro an account with an interest rate of 2.5% when she withdrew her money she had earned $67.50 in interest how many years did she leave the money

Answer 1

$~~~~~~ \textit{Simple Interest Earned} \\\\ I = Prt\qquad \begin{cases} I=\textit{interest earned}\dotfill &\ 67.50\\ P=\textit{original amount deposited}\dotfill & \ 450\\ r=rate\to 2.5\%\to \frac{2.5}{100}\dotfill &0.025\\ t=years \end{cases} \\\\\\ 67.50 = (450)(0.025)(t)\implies \cfrac{67.50}{(450)(0.025)}=t\implies 6=t$