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Home Q & A Board Science-Related Homework Help Mathematics
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basketball6 basketball6
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3 years ago
1. Ms. Jones has $300 in a savings account that pays 0.5% per year simple interest. In the equation
A = 300+(0.005 x 300)n
A represents the total amount in Ms. Jones's account in dollars, and n represents the number of years.

At this rate, how long will it take for the balance in Ms. Jones's account to reach $375?
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8 Replies
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wrote...
#1
Educator
3 years ago
Set A equal to 375, then solve for "n"
basketball6 Author
wrote...
#2
3 years ago
I did that but I wasn't getting the answer I was looking for.
wrote...
#3
Educator
3 years ago
Show me your work
basketball6 Author
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#4
3 years ago
sorry for the late reply, i did
I = Prt
375 = (300)(0.05)(n)
375/15 15n/15
25= n
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bio_manbio_man
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#5
Educator
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3 years ago
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basketball6 Author
wrote...
#6
3 years ago
thx
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#7
Educator
3 years ago
Don't forget to mark as "best answer". I did it for you Slight Smile
basketball6 Author
wrote...
#8
3 years ago
ok np
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