Post a New Question

posted by Kaye Thursday, December 27, 2012 at 5:53pm.

If $1000 is invested at a 3.5% interest rate, what is the least number of years until it is worth $1200?

I = PRT 200 = 1,000 * 0.035 * t 200 = 35t 5.714 = t

More Related Questions