nadoush21 nadoush21
  • 12-10-2018
  • Mathematics
contestada

Please see attached below. Please explain

Please see attached below Please explain class=

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sqdancefan
sqdancefan sqdancefan
  • 12-10-2018

Answer:

8 years

Step-by-step explanation:

The formula for the computation of simple interest is ...

... I = Prt

where I is the interest amount, P is the principal amount, r is the rate, and t is the number of years.

Fill in the given numbers and solve for t.

... 5704 = 15500×0.046×t

... 5704/713 = t = 8 . . . . . . divide by the coefficient of t

It takes 8 years to earn $5704 on that investment at 4.6% per year.

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