# You put $474 into a savings account with an interest rate of 4% which earns $56.88 over a period of time. How long was the period of time?

##### 2 Answers

Jan 9, 2018

See the process steps below;

#### Explanation:

You can get the period of time which he acquired that given intrested with;

Where;

Making

Cross multiplying..#

Dividing both sides by

Now, substituting the parameters..

Hope this helps!

Jan 9, 2018

#### Explanation:

Interest Earned for

So to calculate Period of Time(i.e. No. of Years) we have to divide

So we get