kaitlyngilbert314159
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 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

Answer Link

Otras preguntas

which  property should be used next in this solution process 3x+2+3=7(x-1)-4
Which of the following is a sign of inflammation? a. bruising b. swelling c. numbness d. temperature decrease
write -0.14 as a fraction or mixed number in simplest form
what is 6/10 as a terminating decimal?
Toms home is 1800 m from his school. One morning he walked part of the way to school and then ran the rest. If it took him 20 minutes or less to get to school,
The Three-fifths compromise resulted in...
how did congress try to settle  the slavery issue in 1850?
How do you solve 6x89 (Distributive property)
An athlete runs 90 laps in 6 hours. This is the same as how many laps per minute? (A) 1/15 (B) 1/9 (C) 1/4 (D) 1/2 (E) 1
How many times more basic is a solution with a pH of 10 than a solution with a pH of 8  a. A pH of 10 is two times as basic  b. A pH of 8 is two times as basic