Deshawn deposited $6500 into a bank account that earned 11.5% simple interest each year. he earned $4485 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if no money was deposited into or withdrawn from the account, for how many years was the money in the account?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.

enter your answer in the box.

The federal reserve controls certain interest rates in the united states. investors often try to speculate as to whether the federal reserve will raise or lower rates and by how much. suppose a company conducts extensive interviews with financial analysts, and as a result, predicts that "thefed" will increase rates by an average of 0.25 percentage points every six months for the forseeable future. which type of equation could be used to model the predicted interest rates over the next several years, assuming no other significant changes? a) a linear equation b) a quadratic equation c) a polynomial equation d) an exponential equation