Answer:
4 Years
Step-by-step explanation:
I just continually added the numbers til' I got 18,960 on Both Colleges.
where n is a whole number
Answer:
31.8%
Step-by-step explanation:
The formula for simple interest is I = PRT, where I = interest earned/paid, P = principal amount deposited or borrowed, R = rate of interest as a decimal, and T = time in years.
I = PRT
5720 = (1200)(R)(15)
5720 = 18,000R
R = 0.3177777, rounded to 31.8%