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Lauren Michel lends $17,000 at a rate of 10.7% . Find how long it will take for her investment to earn $1,121.72 in interest. 225 days 222 days 258 days 254 days
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Lauren Michel lends $17,000 at a rate of 10.7% .

Find how long it will take for her investment to earn $1,121.72 in interest.


225 days

222 days

258 days

254 days

User Bernadine
by
7.9k points

1 Answer

3 votes
T/360=1121.72/(17000*0.107)
Solve for t
T=222 days
User Peter Stuifzand
by
8.1k points
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