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I= $54,p= $800 ,r = 4.5%
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I= $54,p= $800 ,r = 4.5%

User XMarshall
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1 Answer

2 votes
I = PRT
I = 54
P = 800
R = 4.5%.....0.045...u have to turn it to a decimal

now we sub
54 = (800)(0.045)(T)
54 = 36T
54/36 = T
1.5 = T <=== or 1 1/2 years
User Amir Moghimi
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