30.6k views
0 votes
If you received $175.85 on $314 invested at a rate of 7% for how long did you invest the principal?

User Vasfed
by
4.7k points

1 Answer

7 votes
I'm guessing that the rate of 7% is yearly so you would need to invest 25.51 (rounded to the nearest hundredth) years to receive 175.85 dollars

Hope this helps!
User Atur
by
5.2k points