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sherydangilbe1 sherydangilbe1
  • 27-02-2017
  • Mathematics
Answered

PLEASE HELP!

george wants to save money for a car. george invests $700 in an account that pays an interest rate of 7.25%

How many years will it take for the account to reach 14,300???

round to the nearest hundreth

Verified Answer :

Anonymous Anonymous
  • 27-02-2017

I = PRT

14,300 = (700)(0.0725)(t)
14,300 = 50.75(t)
14300/50.75 = t
281.77 = t    or    t = 281.77

hope this helps :)





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