Asked by Kaye
If $1000 is invested at a 3.5% interest rate, what is the least number of years until it is worth $1200?
Answers
Answered by
Ms. Sue
I = PRT
200 = 1,000 * 0.035 * t
200 = 35t
5.714 = t
200 = 1,000 * 0.035 * t
200 = 35t
5.714 = t
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