It looks like C since it was the start on the other side.
Answer:
which answer did you need help with
Step-by-step explanation:
i dont see what your inquiring about
Answer:
7 years
Step-by-step explanation:
Given:
Principal P = 9300
Interest rate r = 13% = 0.13
Final amount F = 17,763
Since the problem does not state that it is a compounded interest, we will assume this is a simple interest case.
The formula for simple interest is;
Interest I = Prt .....1
t = period
Final amount F = P + I
I = F-P
Substituting into equation 1;
(F-P) = Prt
t = (F-P)/Pr
Substituting the given values;
t = (17,763 - 9300)/(9300×0.13)
t = 7 years
Period = 7 years
