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hannahhoskings6989
09.03.2021 •
Mathematics
PLZZ HELPPP NOWWW TIMEDDD
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Ответ:
A
Step-by step explanation -
Here is the answer hope this helps!
Ответ:
The number of years is 15 years
Step-by-step explanation:
Given;
Principal amount invested, P = $1,000
rate, r = 8 % = 0.08
Amount at the end of the investment period, A = $2,200
interest on the investment, I = Amount - Principal
I = A - P
I = $2,200 - $1,000
I = $1,200
Using the formula I = P r t
t = I / pr
t = (1200) / (1000 x 0.08)
t = 15 years
Therefore, the number of years is 15 years