You deposit $1,500 in an account earning 2.75% simple interest. How long will it take for the balance of the account to be $1,995.

12 years if interest is paid yearly

12 months if interest is paid monthly

Step-by-step explanation:

2.75% of $1500 is $41.25 interest per period

$1995-$1500 = $495 total interest

$495 ÷ $41.25 = 12 periods

Therefore it takes 12 interest periods to reach $1995, so the answer is 12 months or 12 years depending on how often interest is paid.

45

step-by-step explanation:

to find a percentage, add a decimal in front and multiply it by the other number.

.25 times 180= 45

you didn't post any answer choices, so its not 100% clear what your teacher is looking for

however, log(15/7) is equivalent to log(15) - log(7)

i'm using the rule log(x/y) = log(x) - log(y)