Chat with AI
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 117
Solve the following word problems. Round answers to the nearest cent when necessary.
a. How many years will it take $5,000 invested at 8% simple interest to double to $10,000?
b. How long will it take if the interest rate is increased to 10%?
a. How many years will it take $5,000 invested at 8% simple interest to double to $10,000?
b. How long will it take if the interest rate is increased to 10%?
Explanation
Verified
Verified
a. Firstly find the amount of interest t...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
