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3 years ago

AHHH PLEASE HELP PLEASE PLEASE PLEASE

Mathematics

2 answers:

Over [174]3 years ago

7 0

You deposit $350 in savings account. The account earns 2.5 simple.

kenny6666 [7]3 years ago

6 0

Answer:

t = 1.5 = 1 ½ years

Explanation:

I = Prt

I is the interest in money, P is the principle in money, r is the rate, and t is the time in years

Given I = $174, P = $1450, and r = 8%.

Rearrange the formula so that t is being solved for:

I = Prt → I / Pr = Prt / Pr → I / Pr = t →

t = I / Pr.

Then substitute:

t = I / Pr → t = (174) / (1450)(8%) →

(174) / (1450)(0.08)

x% = x / 100.

(174) / (1450)(0.08) → 174 / 116 → 87 / 58 → 87 ÷ 29 / 58 ÷ 29 → 3/2.

3/2 = 1.5 = 1 ½.

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