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3 years ago

10

Can Anyone help me, please? The question and the answer choices are in the attachment below. My answer choice was C. -2. Am I ri

ght, or am I wrong?

2 answers:

s344n2d4d5 [400]3 years ago

8 0

You should be right :) Good luck!

kiruha [24]3 years ago

6 0

I think your are alright

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Tanzania [10]

Answer:

5 years

Step-by-step explanation:

Step one:

Given Information

Principal= $34,000

rate = 4.8%

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Required

The time T of the investment

Step two:

the expression for simple interest is

$SI= PRT/100$

substitute

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cross multiply we have

$8160*100= 34000*4.8*T\\\\816000= 163200T\\\\$

divide both sides by 163200

$816000/163200= T\\\\T= 5 years$

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