gangonem gangonem

10-03-2017
Mathematics

Answered

How many years will it take for $2000 to double at a simple interest rate of 8%? Explain how you found your answer.

Verified Answer :

tifanyeldridge2 tifanyeldridge2

11-03-2017

it will take 12.5 years (12 years and 6 month)
how?

4000=2000(1+.08t)
4000= 2000+2000(.08t)
4000=2000+160t
2000=160t
12.5=t

Answer Link

Related Questions

A Right B Acute C Obtuse

Circle all of the following that are examples of potential energy A gasoline B a parked car C wind D an apple E water currents F a car driving on an expressway

What exactly does shelter in place mean

Mitochondrial dna can be taken from bone hair or teeth and used in dna typing what are the benefits to using mitochondrial dna over nuclear dna

in economies people grow crops for their own use

What was not a motivation for the Cunard line to build the lusitania A British scientist ls wanted to demonstrate the power to solar engines B One of the Cunard

Six grape fruit cost 534 How much does one grape fruit cost

A character would face increasing obstacles in rising action climax dénouement exposition

What type of border would likely have the most protection

Which will speed up a chemical reaction Apply heat Increase the concentration of the reactants Grind up the substance so there is more surface area all of the a

Web Analytics Made Easy - Statcounter