A deposit of $659 earns $15.10 interest at a rate of 4.5%. For how many days was this money on deposit?
A) 186
B) 51
C) 183
D) 191
E) 190

Name: A deposit of $659 earns $15.10 interest at a rate of 4.5%. For how many days was this money on deposit? A) 186 B) 51 C) 183 D) 191 E) 190
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The interest earned is calculated as:Interest = Principal * Rate * Time / 100$15.10 = $659 * 4.5% * Time / 100Time = $15.10 * 100 / ($659 * 4.5%)Time = 186 days

A Deposit of $659 Earns $15