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AlladinOne [14]
4 years ago
15

Mackenzie invested $3500 in a mutual fun at a yearly rate of 6%. She earned $945 in interest. For how long was the money investe

d?
Mathematics
2 answers:
Viktor [21]4 years ago
6 0
I = p·r·t  (Interest equals principal times rate times time)

945 = 3500 · .06 · t

t = 945÷ (3500 · .06)  

t = 4.5 years
n200080 [17]4 years ago
6 0
It would take her a total of 3 years to earn that amount provided that 9% of 3500 is 315, and $945 is the total. It would take her a total of 3 years.
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