kaitlyngilbert314159 kaitlyngilbert314159

24-07-2020
Mathematics

contestada

A man invested $800 at a 5.5% annual interest rate. How long will it take for his
money to earn $132 in interest?

Respuesta :

mathstudent55 mathstudent55

24-07-2020

Answer:

3 years

Step-by-step explanation:

I assume it's simple interest.

I = Prt

132 = 800 * 0.055 * t

t = 132/(800 * 0.055)

t = 132/44

t = 3

Answer: 3 years

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