Use the simple interest formula.

You deposit $650 in a savings account. How long does it take an account with an annual interest rate of 5% to earn $178.25 in interest? Round your answer to the nearest tenth.

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Answer:

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Step-by-step explanation:

Answer:

The Answer is 5.5, rounded to the nearest tenth

Step-by-step explanation:

650 x .05 = 32.5

178.25 ÷ 32.5 = 5.48461538462

5.48461538462 rounds to 5.5