Question

Range invested $1000 for college in an account earning 5% simple interest. When she withdrew the investment , she had earned a total of $550 in interest. How long was the money invested. How long was the money invested?

I did 1000(.05) (t) - whatever she withdrew
She earned a total of 550???

Then I got stuck

Apr 7, 2016

Ms. Sue

I = PRT

550 = 1,000 * 0.05 * T

550 = 50T

11 = T

Apr 7, 2016

S working on answer.

Apr 12, 2016

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