question archive Determine the number of months required for a deposit of $3250 to earn $262
Determine the number of months required for a deposit of $3250 to earn $262
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Determine the number of months required for a deposit of $3250 to earn $262.75 simple interest at 5.60%. Show all your calculations. Your Answer: Answer Add attachments to support your work
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| Number of months to earn $262.75 simple interest for a deposit of 3250 = 262.75 / (3250 * 5.60%/12) |
| Number of months to earn $262.75 simple interest for a deposit of 3250 = 17.32 months |
| Answer : 17.32 months |
