Respuesta :

wegnerkolmp2741o

Answer:

7.405882353 years

Step-by-step explanation:

Simple interest is

A = P(1+rt)

Where A is the amount in the account

P is the principle invested

r is the rate and

t is the time

6593.75 = 5000( 1+ .0425*t)

Divide each side by 5000

6593.75/5000 = ( 1+ .0425*t)

1.31475 = ( 1+ .0425*t)

Subtract 1 from each side

.31475 = .0425t

Divide each side by.0425

.31475/.0425 = .0425t/.0425

7.405882353 = t

7.405882353 years

Answer:

time =31.029 close to 31

Step-by-step explanation:

A=PRT ( A: amounted investment, p is the investment, R is the rate, T is the time)

rate=%4.25=0.0425

6593.75=5000*0.0425

t=6593.75/(5000*0.0425)

t=31 ( month or weeks the question did not mention the period of time)

Otras preguntas