Talia invested some money in a bank account which gathered simple interest at a rate of 16% per annum. At

Talia invested some money in a bank account which gathered simple interest at a rate of 16% per annum. At

Question:

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?

Expert Answer:

Answer rating: 100% (QA)

To find out in which year Talia invested the money we can use the formula for simple interest I Prt
View the full answer