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Mathematics, 21.04.2021 17:20 kernlearn2312
Randee invested $1,000 for college in an account earning 4% simple interest. When she withdrew the investment, she had earned a total of $520 in interest. How long was the money invested? Complete the explanation.
Substituting into the formula I = Prt gives
= 1,000(
)t. Solving this equation gives a time of t =
years, which is how long the money was invested.
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Randee invested $1,000 for college in an account earning 4% simple interest. When she withdrew the i...
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