emilym271 emilym271

23-01-2021
Mathematics

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1 = $60, P = $750, r = 4%, t = ?. Find the amount of time.

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Аноним Аноним

23-01-2021

Answer:

287.5 years

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 4%/100 = 0.04 per year,

then, solving our equation

t = (1/0.04)((750/60) - 1) = 287.5

t = 287.5 years

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