Mathematics

Jamir Goodman

21 April, 03:43

Hector puts a principal of $5,600 in a savings account with a simple interest rate of 8%. After several years, he withdraws the balance of $11,424. How many years did he leave his investment in this particular savings account?

Simple interest: I = P · r · t

11 years

12 years

13 years

14 years

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “Hector puts a principal of $5,600 in a savings account with a simple interest rate of 8%. After several years, he withdraws the balance of ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

What is 12.48 in simplest form?

Eroa Industries bought a laser printer for $3400. It is expected to depreciate at a rate of 12% per year. What will the value of the printer be in three years? Round to the nearest dollar.

What is the volume of a rectangular prism with the dimensions: base 5 2 cm, height 3 2 cm, and length 7 2 cm? A) 105 2 cm3 B) 105 4 cm3 C) 105 6 cm3 D) 105 8 cm3

5 lb 10 OZ + 3 lb 12 oz

An art gallery has 18 paintings and 4 photographs displayed in equal rows on and wall, with the same number of each type of art in each row. What could be the number of rows?

New Questions in Mathematics

How do you solve the equation 2/7m-1/7=3/14

A fish-tank has a length of 45 centimeters, a width of 25 centimeter and a depth of 10 centimeter. Find the volume of the fish-tank, 10250 cm3 11250 cm3 10250 ft3 11250 ft3

Last fall Zeke planted six bulbs in the ground, which in the spring would grow into 2 yellow flowers, 2 purple flowers, and 2 red flowers. What is the probability that the first two flowers that come up in the spring are 2 yellow flowers?

2. What can be used to describe the function graphed? y=3x+2

A factory can produce two products, x and y, with a profit approximated by P = 14x + 22y - 900. The production of y can exceed x by no more than 100 units. Moreover, production levels are limited by the formula x + 2y ≤ 1,400.