Question

Suppose you have $2200 in your savings account at the end of a certain period of time. You invested $1400 at a 5.92% simple annual interest rate. How long, in years, was your money invested? State your result to the nearest hundredth of a year.

Name: Suppose you have 2200 in your savings account at the end of a certain period of time. You invested1400 at a 5.92% simple annual interest rate. How long, in years, was your money invested? State your result to the nearest hundredth of a year.
Uploaded: 2023-07-20T23:04:51-08:00
Duration: 1 min 46 s
Channel: Steven Clarke
Description: Suppose you have 2200 in your savings account at the end of a certain period of time. You invested1400 at a 5.92% simple annual interest rate. How long, in years, was your money invested? State your result to the nearest hundredth of a year.

          Suppose you have $2200 in your savings account at the end of a certain period of time. You invested $1400 at a 5.92% simple annual interest rate. How long, in years, was your money invested? State your result to the nearest hundredth of a year.

Suppose you have 2200 in your savings account at the end of a certain period of time. You invested1400 at a 5.92% simple annual interest rate. How long, in years, was your money invested? State your result to the nearest hundredth of a year.

Added by Timothy F.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Steven Clarke

07/20/2023

Step 1

To find the total interest earned, we need to subtract the initial investment from the final amount in the savings account. So, $2200 (final amount) - $1400 (initial investment) = $800 (total interest earned). Show more…

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Suppose you have $2200 in your savings account at the end of a certain period of time. You invested $1400 at a 5.92% simple annual interest rate. How long, in years, was your money invested? State your result to the nearest hundredth of a year. Suppose you have $2200 in your savings account at the end of a certain period of time.You invested $1400 at a 5.92% simple annual interest rate How long, in years,was your money invested? State your result to the nearest hundredth of a year