ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How long must $542 be invested at a rate of 7% to earn $303.52 in simple interest?
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25 years
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18 years
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8 years
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6 years
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Explanation:
Detailed explanation-1: -eight years How long must $542 be invested at a rate of 7% to earn $303.52 in interest? 7. 8% What was the interest rate if your balance on an investment of $857 at the end of six years is $1, 268.36? 8.
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