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Answer:
5yrs or 1825 days
Step-by-step explanation:
Given the total amount of the investment after n-days at 9% is $2,320 and the principal amount invested is $1,600
-Let P be the principal amount, A be the total amount of the investment.
-We calculate the number of days using simple interest formula.
#Calculate the total interest earned on the investment:
Simple interest is calculated using the formula:
Hence, it takes 1,825 days to achieve your investment goals