In finance, if P dollars are invested at a simple rate of r percent, then the amount A accumulated after t years is given by the formula A = P + Prt. Use this formula to solve exercises 11 and 12.
-How long would it take $500 to double itself if invested at 8% simple interest?

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The Answer of In finance, if P dollars are invested at a simple rate of r percent, then the amount A accumulated after t years is given by the formula A = P + Prt. Use this formula to solve exercises 11 and 12.
-How long would it take $500 to double itself if invested at 8% simple interest?

In Finance, If P Dollars Are Invested at a Simple