Solved

Use the Formula i=Prti = P r t To Reach a Solution for the Following Problem

Question 70

Multiple Choice

Use the formula i=Prti = P r t to reach a solution for the following problem. For how many years must $5,590 be invested at a 8% annual interest rate to earn $2,683.20?


A) t = 11
B) t = 5
C) t = 6
D) t = 8
E) none of these

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q65: Jewelry has a very high markup rate.

Q66: Dale bought a boat at a 20%

Q67: In the illustration you ll notice

Q68: Solve the equation. <span class="ql-formula"

Q69: Monica leaves a town traveling in her

Q71: Solve the equation for x .

Q72: Use the formula <span class="ql-formula"

Q73: Jesse used 10 gallons of gasoline to

Q74: On a certain map, 1 inch represents

Q75: Solve <span class="ql-formula" data-value="V =