Question

You want to purchase a car. Youre 13 yrs old and you want to have enough money to buy the car by the time youre 17 yrs old. You already have 4,000 you need another 1,500. you want to invest the money you already have in order to earn enough money to purchase the car. what interest rate do you need in order to ear 1,500 in that amount of time?

Answer 1

@jcpd910

Answer 2

is it .375

Answer 3

or 1.375