Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Mrs. Williams wants to know how long it will take an investment of $450 to earn $200 in interest if the yearly interest rate is 8%, paid at the end of each year. Choose the closest answer.

Sagot :

It will take about 6 years. First you find 8% of 450 which is $36 then divide 200 by 36, you get 5.5 which you would round up to 6
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.