1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sweet-ann [11.9K]
3 years ago
9

Frank invests $1,000 in simple interest investment account that pays 8% a year. After a number of years, he withdraws his balanc

e of $2,200. Using the formula mc006-1.jpg, how many years was his money invested?
Advanced Placement (AP)
2 answers:
OverLord2011 [107]3 years ago
7 0
Hi there
The formula is
A=p (1+rt)
We need to solve for t
T=[(A/p)-1]÷r
Where
A future value 2200
P present value 1000
R interest rate 0.08
T time?
So
T=((2,200÷1,000)−1)÷0.08
T=15 years

Another time like this question you should post in at mathematics subject
Hope it helps
lyudmila [28]3 years ago
4 0

Answer:

15

Explanation:

I just got it correct!

You might be interested in
I'll mark brainliest to anyone who can help me!
Elodia [21]

Answer:

its section 2

Explanation:

4 0
3 years ago
Read 2 more answers
Which organism is likely to carry out the process shown in the diagram?
Gennadij [26K]

Answer:

D. Callalily

Explanation:

Because its a plant

4 0
3 years ago
What do you do if the result name is correct, but the classification of a result is wrong??
blondinia [14]

Answer:

We demote the relevance rating, because if the classification is wrong then clearly the result is less relevant to the user. We rate the naming 'accuracy with Partially Correct'. We can skip this rating because if the classification is wrong you cannot determine what the result is

7 0
3 years ago
what was ONE similarity between the commercial interactions in the regions mentioned in the passage and commercial interactions
notka56 [123]
Ima b honest, I’m just here for the 5 points
4 0
3 years ago
What would happen if an iron ball ten times more massive than the sun was placed at the edge of our solar system?
klasskru [66]
Nothing...We would all die due to the chill.
3 0
3 years ago
Other questions:
  • Which statement is true of a market economy? A. It depends more on self-interest than a command economy does. B. It eliminates t
    14·2 answers
  • Name seven main disadvantages of command economy
    10·1 answer
  • What factors are used to calculate the UN's Human Development Index(HDI)?
    12·2 answers
  • How do you get a Mach number?
    11·1 answer
  • How do the roles of natural experiments and controlled experiments differ in the scientific process
    8·1 answer
  • How do local laws reflect moral views and standards
    14·1 answer
  • We talk about cousins like these for a while, but we go on finally to people we knew more intimately, people whose characters ha
    14·1 answer
  • Pepeeppeppepe<br> pepeeppeppepe
    8·1 answer
  • In what two ways can one object to any argument? (Which of those ways does a libertarian use?)
    7·1 answer
  • Need help as soon as possible!!! giving away 100 points!!
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!