jordanhaley615 jordanhaley615
  • 16-04-2022
  • Mathematics
contestada

At what interest rate must $112,000 be invested so that it will be worth $392,000 in 14 years?

Respuesta :

Agbaje14
Agbaje14 Agbaje14
  • 16-04-2022

Answer:

25%

Step-by-step explanation:

Simple interest= PRT/100

392,000=112,000*R*14/100

392,000=1120*14*R

392,000=15,680R

R= 392,000/15,680

R= 25%

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