Principal of $3500.00 was invested at a simple interest rate of 1.50% per annum. It earned $157.50 in simple interest. How many years was it invested for?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Jun 6, 2021 2.4k views

4 votes

Principal of $3500.00 was invested at a simple interest rate of 1.50% per annum. It

earned $157.50 in simple interest. How many years was it invested for?

Mathematics
high-school

Garrett asked

by Garrett

7.9k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 votes

I think So first you subtract 3500-157.50 then divide that answer by 1.50. Then divide by 100 and you get rounded up to 34

DroidPilot answered Jun 13, 2021

by DroidPilot

7.4k points

0 Comments

Please log in or register to add a comment.

Ask a Question

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

8.6m questions

11.2m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions