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Talia invested some money in a bank account which gathered simple interest at a rate of 16% per annum. At the end of 2010 there
Talia invested some money in a bank account which gathered simple interest at a rate of 16% per annum. At the end of 2010 there was $787.20 in the account. At the end of 2015 there was $1171.20 in the account. In what year did Talia invest the money?
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To find out in which year Talia invested the money we can use the formula for simple interest I Prt ...
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
