anonymous
  • anonymous
If $13,000.00 is invested at 16% annual simple interest, how long does it take (in years rounded to the nearest whole) to be worth $56,680.00?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
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anonymous
  • anonymous
I know that the formula used is I = (Po) (r) (t)
anonymous
  • anonymous
And A= (Po) + I
anonymous
  • anonymous
I got 27.25

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KyanTheDoodle
  • KyanTheDoodle
Ok. So what you do is divide 13,000 by 100. Times it by 16. Then subtract 56,680. by 13,000, and then divide the sum of that by the result you got by dividing 13,00 by 100 and multiplying it by 16. You should be able to get the answer that way.
anonymous
  • anonymous
THANK YOU!!!

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