MalP5781 MalP5781
  • 22-11-2017
  • Mathematics
contestada

Ance would like to find out how long it will take for $1,000 to mature to $1,700 at 12% simple interest. how many years would this take? (round time in years to the nearest tenth.)

Respuesta :

jorel1380
jorel1380 jorel1380
  • 23-11-2017
1700-1000/1000=.12t

.12t=.7
t=5.83 years before the money matures to $1700
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