s505042 s505042

20-04-2020
Mathematics

contestada

$5600 was invested at 3.3% p.a and earned interest of $1550. How long was it invested for?

Respuesta :

ERMandeep ERMandeep

20-04-2020

Answer:

Step-by-step explanation:

simple interest= Principle*rate*time/100

1550=5600*3.3*time/100

time=1550*100/(5600*3.3)

time=8.38 years

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