Mark has $1,700 to buy a new computer. The computer he wants is on sale for $1,475. How much would he save if he bought the comp
2 answers:
You might be interested in
Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
Solve for t
Convert to percent form