How long will a $9000 investment take to earn $180 interest at an annual interest rate of 8%? @heather040200

Question

anonymous · Answer

Does it say if the interest is compound or simple?

anonymous · Answer

it does not sae

anonymous · Answer

We will go with simple interest rate then:
I=p*i*t
I=Interest earned
p=principal amount
i= interest rate plug it in as a decimal
t= time in years

When you plug in the numbers you get this:
180=9000*.08*t
then you just solve for t.

Let me know if you need more help. :)

anonymous · Answer

so what is the answer

anonymous · Answer

I can't just tell you the answer so go ahead and try the problem and post your answer and I can tell you if it is right.

anonymous · Answer

i got 0

anonymous · Answer

The answer is a decimal. Go ahead and try again make sure you don't round your answer.