How long to the nearest month, will it take to earn $650 simple interest if $8375 is invested at 6.25% p.a.?

Question

0

413

1

Guest Jan 31, 2015

+118608

+5

Best Answer

$$\\I=Prt\\
650=8375*0.0625*t$$

Now solve for t

Melody Feb 1, 2015

Melody · Answer 1 · 2015-02-01T10:22:29

$$\\I=Prt\\
650=8375*0.0625*t$$

Now solve for t