154k views
23 votes
I = $236.25, P = $750, r = 4.5%

User Tyquan
by
6.2k points

1 Answer

8 votes

Answer:

T=7

Explanation:

Turn r to a decimal by dividing 4.5 with 100

4.5/100=0.045

Solve

236.25 / ( 750 × 0.045 ) = 7

t = 7 years

Hope this helps (I did this in school also)

User QuietSeditionist
by
6.0k points