3 years ago

I need help on my math!!!!!!!

Mathematics

1 answer:

Evgen [1.6K]3 years ago

7 0

Answer:

I think its B

Step-by-step explanation:

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Answer:

$t \leq 18.67\ years$

Step-by-step explanation:

we know that

The simple interest formula is equal to

$A=P(1+rt)$

where

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P is the Principal amount of money to be invested

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in this problem we have

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The inequality that represented this situation is

$P(1+rt) \leq A$

substitute the values and solve for t

$4,500(1+0.03t) \leq 7,020$

$(0.03t) \leq (7,020/4,500)-1$

$t \leq [(7,020/4,500)-1]/0.03$

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3 years ago

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