document.write( "Question 1032663: Allen wants to buy a car that costs 17500. He already has 11,000. If he invests this at a simple interest rate of 2.3% how long will he need to invest until he has enough for the car? \r
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document.write( "Need asap! \n" );
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Algebra.Com's Answer #648290 by fractalier(6550)![]() ![]() You can put this solution on YOUR website! He will need to earn 17500 - 11000 = $6500 interest. \n" ); document.write( "The formula for this is \n" ); document.write( "I = Prt \n" ); document.write( "so we plug in and solve for the time, t... \n" ); document.write( "t = I / Pr = 6500 / (11000*.023) = 25.7 years \n" ); document.write( "(I'd get a second job.) \n" ); document.write( " |