SOLUTION: My loan has a maturity value of $8236.00 and a rate of 2% I invested 7100.00 how long did he leave his money invested?

Algebra.Com
Question 988160: My loan has a maturity value of $8236.00 and a rate of 2% I invested 7100.00 how long did he leave his money invested?
Answer by solver91311(24713)   (Show Source): You can put this solution on YOUR website!


Simple interest? Compound interest? Compounding period? Please tell the whole story when you post so that you don't waste tutors' time.

John

My calculator said it, I believe it, that settles it

RELATED QUESTIONS

A man has an investment of 13,760.00 in cash for equipment. His estimates of the year... (answered by Theo)
Suppose that john invested a certain amount of money at 3% interest, and he invested $750 (answered by mananth)
Mr. Flores invested Php 25,000.00 of his bonus at 16% per annum. He found another... (answered by Theo)
Saul made some extra money last year from a part-time job. He invested part of the money... (answered by ikleyn)
1st question: The principal P is borrowed at a simple interest rate r for a period of (answered by ikleyn)
Rajesh invested part of his money in planting mango and he got a return of 25% of the... (answered by jorel555)
Anthony invested a sum of money 6 yr ago in a savings account that has since paid... (answered by lwsshak3)
Anthony invested a sum of money 7 years ago in a savings account that has since paid... (answered by rfer)
Please check my work and let me know if I have the right answers, thank you.... (answered by RAY100,solver91311)