Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Find how much should be invested to have $34,000 in 10 months at 5.2% simple interest. [I had did........ 34000(1+(0.83)(0.052)).............after solving it, I got 35467.44
Find how much should be invested to have $34,000 in 10 months at 5.2% simple interest.
[I had did........ 34000(1+(0.83)(0.052)).............after solving it, I got 35467.44 and I submited my answer and it was incorrect. Please tell me what I am doing wrong?]
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started