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Hector puts $150 into an account when the interest rate is 4 percent. later he checks his balance and finds he has about $168.73. how long did hector wait to check his balance?

Respuesta :

cidayci

3 years, 1 month, and 15 days.

Find time by using the formula

(I = P · i · t) where I is interest, P is total principal, i is rate of

interest per year, and t is total time in years.

In this problem I = $18.73 , P = $150 and i = 4%

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