The function gives the annual interest rate r , as a percent, a bank will pay on its money market accounts, where t is the term (the time the money is invested)in months. What is the minimum number of complete months during which a person must invest to receive an interest rate of at least 2.3%?
A)17 months
B)10 months
C)19 months
D)16 months
E)8 months

Question

The function  gives the annual interest rate r , as a percent, a bank will pay on its money market accounts, where t is the term (the time the money is invested)in months. What is the minimum number of complete months during which a person must invest to receive an interest rate of at least 2.3%?
A)17 months 
B)10 months 
C)19 months 
D)16 months 
E)8 months

Quizplus · Accepted Answer

The Answer of The function  gives the annual interest rate r , as a percent, a bank will pay on its money market accounts, where t is the term (the time the money is invested)in months. What is the minimum number of complete months during which a person must invest to receive an interest rate of at least 2.3%?
A)17 months 
B)10 months 
C)19 months 
D)16 months 
E)8 months

The Function Gives the Annual Interest Rate R