Calculate the time necessary to achieve the investment goal. Give your answer to the nearest day. Use a 365-day year. $2,320 at 9% simple interest; deposit $1,600

5yrs or 1825 days

Step-by-step explanation:

Given the total amount of the investment after n-days at 9% is $2,320 and the principal amount invested is $1,600

-Let P be the principal amount, A be the total amount of the investment.

-We calculate the number of days using simple interest formula.

#Calculate the total interest earned on the investment:

Simple interest is calculated using the formula:

Hence, it takes 1,825 days to achieve your investment goals

tangent

step-by-step explanation:

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step-by-step explanation: