ina wants to earn an extra 110 so that she can afford to buy a new phone. How many years will it take Nina to earn enough interest if she invests 1000 with her local bank at a simple interest rate of 5.5% pa?It will take Nina years to earn enough interest.

Solución

Solución

Time : 2

Pasos de solución

Translate the problem into an equation:

110 = 1000 \cdot 0.055 t

Resolver para

t, 110 = 1000 \cdot 0.055 t : t = 2

Time : 2

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