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Phổ biến >

For how long must 5 000 be invested at 6% p.a. simple interest to have a final value of6 500.

Lời Giải

For how long must 5 000 be invested at 6% p.a. simple interest to have a final value of6 500.

Lời Giải

Time : 5

Các bước giải pháp

Translate the problem into an equation:

6500 = 5000 (1 + 0.06 t)

Giải

t, 6500 = 5000 (1 + 0.06 t) : t = 5

Time : 5

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