The time required from simple interest on a principal of $4,500.00 at an interest rate of 22% per year is 4.55 years (about 4 years 7 months).
<h3>Simple Interest</h3>
Given Data
- Final Amount = $4,500*2 = $9,000
Equation:
t = (1/r)(A/P - 1)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 22%/100 = 0.22 per year,
then, solving our equation
t = (1/0.22)((9000/4500) - 1) = 4.55
t = 4.55 years
Learn more about Simple Interest Here:
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Answer:
<em>Trade is critical to America's prosperity - fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services.</em>
Answer:
They have risen.
Explanation:
Demand has increased, but supply has remained constant.
The answer is D, opportunity costs.
This is pretty much true! The industrial revolution was all about from having things hand me to using machines! Support my answer just look it up just in case!
