Question

Mara found the length of time of an investment. The principal of the investment was $4,300, the interest rate was 6.2 percent, and the interest was $2,666. Mara made an error in her work.
I = p r t. 2666 = (4300) (0.062) t. 2666 = (266.6) t. StartFraction 266.6 over 2666 EndFraction = t. 0.1 = t.

What was Mara’s error?
Mara did not substitute the values from the problem into the formula correctly.
Mara did not multiply correctly.
Mara did not divide correctly.
Mara divided when she should have multiplied.

Answer 1

The error that Maria made is that she did not divide correctly.

What error did Maria make?

The simple interest that is paid on an amount of money is a function of the amount deposited, time and interest rate.

Simple interest = principal x time x interest rate

2666 = 4300 x 0.062 x t

2666 = 266.60t

t = 2666 /  266.60

t = 10 years

To learn more about simple interest, please check: brainly.com/question/27328409

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