Bonita deposited $1300 into a bank account that earned 5.75% simple interest each year. she earned $299 in interest before closing the account.

if no money was deposited into or withdrawn from the account, for how many years was the money in the account?

round your answer to the nearest whole year.

Answer

Find out the  how many years was the money in the account .

To prove

Formula

As given

Bonita deposited $1300 into a bank account that earned 5.75% simple interest each year.

She earned $299 in interest before closing the account.

Principle =  $1300

Rate =  5.75%

Simple interest =  $299

Put all the value in the formula

Time = 4 years

Therefore the  4 years was the money in the account .

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step-by-step explanation:

a framing bias

step-by-step explanation:

rodrigo is subject to a framing bias i believe.