Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Principal of $1700 is invested at 8.2% simple interest, paid annually, for 7 years.
What is the rate of return

Sagot :

Edmund
[tex]I=PRT[/tex]

[tex]I=1700(0.082)(7)[/tex]

[tex]I=975.80[/tex]

[tex]Return=Interest+Principal[/tex]

[tex]Return=1700+975.80[/tex]

[tex]Return=2675.80[/tex]


We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.