gangonem gangonem

11-03-2017
Mathematics

contestada

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

Respuesta :

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

Otras preguntas

what does πr² mean and how do I solve it

$6300 is invested , part of it at 12%, and part at 6%. For a certain year, the total yield is 564.00. How much was invested at each rate?

What does the drop in barometric pressure from 1003 millibars to 926 millibars tell you about a hurricane?

who is the aztec king

how do I factor this polynomial? q^2-121

A square and a circle have equal areas. Which shape has shorter perimeter?

how do you solve the system of elimination method.x-6y=-30-2x-5y=-25

PLEASE HELP What are 10 scientific things that happened in the hunger games

$6300 is invested , part of it at 12%, and part at 6%. For a certain year, the total yield is 564.00. How much was invested at each rate?

Simplify the expression. 11c + 3(-5c + 4d)