Ask a New Question

An investment of $2050 at a rate 2% interest earned in 164 in simple interest. Find the length of the time it was invested for

My answer: 4 months

1 answer

2050 * .02 = 41

care to change your answer?

Ask a New Question or answer this question.

Similar Questions

a formula for calculating simple interest is I = Pr, were I is the interest earned in dollars, P is the principal or original
1. 1 answer
Kevin earned $165 interest for 1 year on an investment of $1500. At the same rate, what amount of interest would be earned by an
1. 0 answers
A sum of money when invested for a definite period at r% simple interest will yield an interest of rm80 .using the same interest
1. 0 answers
A $1500 investments has an annual simple interest rate of 7%. Find the simple interest earned on the investment after 18 months.
1. 1 answer

more similar questions