clardenejackson clardenejackson
  • 12-02-2018
  • Mathematics
contestada

How long it will talk an investment of $450 to earn $200 in the interest if the yearly interest rate is 6.5% paid at the end of each year ?

How long it will talk an investment of 450 to earn 200 in the interest if the yearly interest rate is 65 paid at the end of each year class=

Respuesta :

manandhanteja manandhanteja
  • 14-02-2018
I = PRT

solve for T

T = I/PR = 200/(450×0.065) = 6.83761 years
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