Suppose you have $1750 in your savings account at the end of a certain period of time. You invested $1500 at a 3.72% simple annual interest rate. How long, in years, was your money invested?

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

in mathematics, a function is a relationship between two variables such that the value of one of the variables, called the dependent variable, is determined by the value of the other variable, called the independent variable. there is a specific term we use to describe the set of independent variables of a function.

answer: ask

step-by-step explanation: