If you received $175.85 on $314 invested at a rate of 7% for how long did you invest the principal?

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asked Jan 1, 2019 30.6k views

1 Answer

Atur · Answer 1 · 2019-01-05T08:32:38+0000

I'm guessing that the rate of 7% is yearly so you would need to invest 25.51 (rounded to the nearest hundredth) years to receive 175.85 dollars

Hope this helps!

If you received $175.85 on $314 invested at a rate of 7% for how long did you invest the principal?

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