SOLUTION: How long will it take a $9000 investment to earn $180 interest at an annual interest rate of 8%? Thanks you very much
Algebra
->
Customizable Word Problem Solvers
->
Finance
-> SOLUTION: How long will it take a $9000 investment to earn $180 interest at an annual interest rate of 8%? Thanks you very much
Log On
Ad:
Over 600 Algebra Word Problems at edhelper.com
Word Problems: Money, Business and Interest
Word
Solvers
Solvers
Lessons
Lessons
Answers archive
Answers
Click here to see ALL problems on Money Word Problems
Question 40347
:
How long will it take a $9000 investment to earn $180 interest at an annual interest rate of 8%?
Thanks you very much
Answer by
Nate(3500)
(
Show Source
):
You can
put this solution on YOUR website!
I = PRT
180 = 9000*0.08*T
(1/4) = T
3 Months