I= (P)(r)(t) FV = P| 1+ FV = P + I I= FV – P 1. Jasmin invested $1250 for 130 weeks and received $1300 in total. At what rate (%) was her money invested? Round the final answer to one decimal place.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter2: Equations And Inequalities
Section2.3: Models And Applications
Problem 23SE: Paul has $20,000 to invest. His intent is to earn11% interest on his investment. He can invest part...
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I= (P)(r)(t)
FV = P 1+
FV = P +I
I= FV – P
1. Jasmin invested $1250 for 130 weeks and received $1300 in total. At what rate (%) was her money
invested? Round the final answer to one decimal place.
Transcribed Image Text:I= (P)(r)(t) FV = P 1+ FV = P +I I= FV – P 1. Jasmin invested $1250 for 130 weeks and received $1300 in total. At what rate (%) was her money invested? Round the final answer to one decimal place.
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