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Merlin invested $48,750 into an interest-bearing account 7 years ago, and withdrew all of the money to close it. The
account balance at the time of his withdrawal was $49,975. In two or more sentences explain why a negative
number would or wouldn't be reasonable when solving for the rate of the investment.

Respuesta :

Interset always positive ,if a bank don't give interest even though interset remains zero doesn't become negative

Let's find interest here to proof

  • Principal=P=48750
  • Annual=A=49975

Interest:-

  • A-P=49975-48750=1225

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