1 Answered Questions for the topic Financial Applications

Financial Applications

02/15/18

Michel invests $850 at 7%/ a simple interest. How long will he have to leave his investment in the bank before earning $200 in interest?

The answer is 3 years and 132 days and the formula to use is A= P + Prt

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.