Asked by monie
about how many years will it take for $1,800 to reach $2,500 at a simple interest rate of 4%?
Answers
Answered by
Henry
I = Po*r*t = 2500-1800.
1800*0.04*t = 700
72t = 700
t = 9.7 years.
1800*0.04*t = 700
72t = 700
t = 9.7 years.
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