Suppose $1,000 is put into an account that pays simple interest at a rate of 3.5% annually. What is the value of t if the money is deposited for 212 years?

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asked Jun 16, 2021 40.0k views

5 votes

Suppose $1,000 is put into an account that pays simple interest at a rate of 3.5% annually. What is the value of t if the money is deposited for 212 years?

Mathematics
high-school

Alino Manzi asked

by Alino Manzi

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2 Answers

5 votes

Answer:

2.5

Explanation:

just did the lesson

Pashupati Khanal answered Jun 18, 2021

by Pashupati Khanal

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3 votes

Answer:

2.5

Explanation:

Two and a half years can be represented as two point five years in this case.

Uffe Kousgaard answered Jun 22, 2021

by Uffe Kousgaard

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