Register
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 ?
7.4k views
3 votes
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-example-1
User Steve Baek
by
9.2k points

1 Answer

4 votes
I = PRT

solve for T

T = I/PR = 200/(450×0.065) = 6.83761 years
User Saket Patel
by
8.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!