KilluasWife
Answered

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Manny invested $8000 in an account that pays 6.5% simple interest. Manny will not make any additional deposits or withdrawals. How many years must the money stay invested for before the investment has a balance of $13,200?

Sagot :

callmelako017

Answer:

10 years

Step-by-step explanation:

Simple interest formula:

AV=PV(1+it)

13200=8000(1+.065t)

1.65=1+.065x

.65=.065x

10=x

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