mrs. wheeler is looking to make a deposit of $1,500 dollars into a savings account that earns simple interest at a rate of 4.8% per year. how many years will it take for her account to reach $1,860 if she does not deposit or withdraw any money from it?

show work and how you did it

it will take 5 years

Step-by-step explanation:

Siimple interest is accrued on the initial principal only. It is not compounded. The formula for simple interest is expressed as

I = PRT/100

Where

P = principal or amount deposited

R = rate

T = time

I = interest

Total amount earned = principal + interest. Since she wants a total amount of $1,860, it means that her interest would be total amount - principal

Interest = 1860 - 1500 = 360. Therefore, applying the simple interest formula,

I = 360

P = 1500

R = 4.8

360 = (1500×4.8×t)/100

360 = 72t

t = 360/72 = 5

1860 / (1500 x 0.048) = 25.8 years

answer: #1 ads up by 8 and i don't know #2

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