If $120 invested at a certain rate of simple interest amounts to $160 at the end of 3 years,How much...

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If $ invested at a certain rate of simple interest amounts to $ at the end of years, how much will $ amount to at the same rate of interest in years?

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Calculated Answer

250

Step by Step Solution

In order to solve problem, you must evaluate n₃ + ((((n₁ - n₀) * n₀) / n₀) / n₂ * n₃ * n₄) / n₀.

• n₃ + ((((n₁ - n₀) * n₀) / n₀) / n₂ * n₃ * n₄) / n₀

• Evaluate n₁ - n₀ = 40

  n₃ + (((40 * n₀) / n₀) / n₂ * n₃ * n₄) / n₀

• Evaluate 40 * n₀ = 4800

  n₃ + ((4800 / n₀) / n₂ * n₃ * n₄) / n₀

• Evaluate 4800 / n₀ = 40

  n₃ + (40 / n₂ * n₃ * n₄) / n₀

• Evaluate 40 / n₂ = 13.333333333333

  n₃ + (13.333333333333 * n₃ * n₄) / n₀

• Evaluate n₃ * n₄ = 900

  n₃ + (13.333333333333 * 900) / n₀

• Evaluate 13.333333333333 * 900 = 12000

  n₃ + 12000 / n₀

• Evaluate 12000 / n₀ = 100

  n₃ + 100

• Evaluate n₃ + 100 = 250

  250
• The answer to the problem and the result of n₃ + ((((n₁ - n₀) * n₀) / n₀) / n₂ * n₃ * n₄) / n₀ is 250