Hector puts a principal of $5,600 in a savings account with a simple interest rate of 8%. After several years, he withdraws the

Question

3 years ago

8

Hector puts a principal of $5,600 in a savings account with a simple interest rate of 8%. After several years, he withdraws the

balance of $11,424. How many years did he leave his investment in this particular savings account?
Simple interest: I = P · r · t
11 years
12 years
13 years
14 years

Mathematics

1 answer:

Sladkaya [172] · Answer 1 · 2022-09-22T00:36:34+03:00

Sladkaya [172]3 years ago

8 0

Answer:

c.) 13 years

Step-by-step explanation:

5,600*.08*13=5,824

5,824+5,600=11,424