The answer is: "2.5 years" .
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Note: I = P * r * t ; { " Interest = Principal * rate * time "} ;
→ Solve for "t" {"time", in years} ;
Divide each side of the equation by "{P * r}" ;
to isolate "t" on one side of the equation ;
→ I / (P * r) = {P * r * t) / (P * r} ;
to get: " I / (P * r) = t " ;
↔ t = I / (P * r) ;
Given: I = $450 ;
<span>P = $2400 ;
r = 7.5% = 7.5/100 = 0.075 ;
Plug in these values into the formula to solve for the time, "t" :
</span>→ t = I / (P * r ) ;
= $450 / (<span>$2400 * 0.075) ;
= </span>$450 / ($2400 * 0.075) ;
= $450 / $180 ;
= $45 / $18 ;
= ($45 ÷ 9) / ($18 ÷ 9)
= $5 / $2 ;
= 2.5 ;
→ t = 2.5 years.
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The answer is: "2.5 years" .
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Interest calculator for a $600 investment. How much will my investment of 600 dollars be worth in the future? Just a small amount saved every day, week, or month can add up to a large amount over time. In this calculator, the interest is compounded annually.
Answer:
d =32
Step-by-step explanation:
Answer:6
Step-by-step explanation:
$220 × 6 = $1320 this is how much it cost to pay 6 carpenters for one day. Now lets find how much it cost to 12 plumbers at $260 a day. $260 × 12 = $3120 this is how much it costs to pay 12 plumbers a day.
Answer:
31.5
Step-by-step explanation:
