40.186 rounded to the nearest 10th
2 answers:
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we know that
The formula of simple interest is equal to
In this problem
we have
I=$170
P=$8,500
r=4%=4/100=0.04
t=?
substitute given values in the formula
therefore
0.5 years=6 months
<h2>The answer is 6 months</h2>