+0

# interest

0
96
1

Delaney is saving money in an account that offers 8% simple interest. She deposits \$\\$2,000\$ from her grandmother into the account and makes no additional deposits or withdrawals. How many years will it take to grow to \$\\$4,700\$? Round to the nearest whole year.

Feb 3, 2021

#1
+118470
+1

We can use

A =  P  +  Prt

Where A is the  final amount, P  = the original amount, r  =the interset rate as a decimal, t = the time in years

4700  =2000  + 2000 (.08) t       subtract 2000 from both sides

2700 =  2000 (.08)t

2700 = 160 t           divide  both sides  by 160

2700 /  160   = t   = 16.875 yrs  =   17 yrs  (rounded)

Feb 3, 2021
The text passage contains a mathematical question about calculating the time it takes for an amount of money to grow to a certain value with simple interest. The answer to the question is provided in the second part of the text.
single_question_with_answer
Given a text passage, determine:
    1. If it contains a mathematical question (including word problems or calculations)
    2. If an answer to that mathematical question is provided in the text

First, describe the content structure you found in 1-2 sentences.

Then provide your analysis in the following format:
TYPE: <one of the following values>
- NO_QUESTION
- SINGLE_QUESTION
- SINGLE_QUESTION_WITH_ANSWER
- MULTIPLE_QUESTIONS
- MULTIPLE_QUESTIONS_WITH_ANSWERS
system
+0

# interest

0
96
1

Delaney is saving money in an account that offers 8% simple interest. She deposits \$\\$2,000\$ from her grandmother into the account and makes no additional deposits or withdrawals. How many years will it take to grow to \$\\$4,700\$? Round to the nearest whole year.

Feb 3, 2021

#1
+118470
+1

We can use

A =  P  +  Prt

Where A is the  final amount, P  = the original amount, r  =the interset rate as a decimal, t = the time in years

4700  =2000  + 2000 (.08) t       subtract 2000 from both sides

2700 =  2000 (.08)t

2700 = 160 t           divide  both sides  by 160

2700 /  160   = t   = 16.875 yrs  =   17 yrs  (rounded)

Feb 3, 2021
user
The text passage contains a mathematical question about calculating the time it takes for an amount of money to grow to a certain value with simple interest. The answer to the question is provided in the second part of the text.

TYPE: SINGLE_QUESTION_WITH_ANSWER