Answer:
The answer to the question is 15.25
Answer:
5
Step-by-step explanation:
Plug in this question into your calculator. This question is also equivalent to .
Answer:
about 11 years
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
solve for r