Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
Answer:
t = 6 years
Step-by-step explanation:
Use the simple interest formula: i = prt, where p is the principal, r is the interest rate as a decimal fraction, and is the elapsed time, in years.
Here we want to know how long it will take for the interest alone to reach $449.40. We first solve i = prt for t, obtaining t = i/(pr).
Here, the length of time is t = ($449.40) / (0.06*$1498.00). This works out to
t = 5.9947, or approximately 6 years.
t = 6 years
We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.