Mathematics, 06.05.2020 23:17 lolmaster101

Hector puts a principal of $5,600 in a savings account with a simple interest rate of 8%. After several years, he withdraws the balance of $11,424. How many years did he leave his investment in this particular savings account?

Simple interest: I = P · r · t
11 years
12 years
13 years
14 years

Answers: 3

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Hector puts a principal of $5,600 in a savings account with a simple interest rate of 8%. After several years, he withdraws the balance of $11,424. How many years did he leave his investment in this particular savings account? Simple interest: I = P · r · t 11 years 12 years 13 years 14 years

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Another question on Mathematics

Hector puts a principal of $5,600 in a savings account with a simple interest rate of 8%. After several years, he withdraws the balance of $11,424. How many years did he leave his investment in this particular savings account?

Simple interest: I = P · r · t
11 years
12 years
13 years
14 years