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telo118 [61]
2 years ago
11

Find the number of years it would take for $12,000 to earn simple interest of $324 at an annual interest rate of 6% per year.

Mathematics
1 answer:
11Alexandr11 [23.1K]2 years ago
3 0
It will take six years
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Rewrite using a single positive exponent 5^6/5^4
Sindrei [870]

Answer:

<h2>5²</h2>

Step-by-step explanation:

We can divide exponents by subtract 4 from 6. So, now we have 5^2 or 25.

The other way to solve to check our answer is to do the math.

5^6 = 15625

5^4 = 625

15625/625 = 25

So, we know we have the correct answer.

5 0
2 years ago
John invests $200 at 4.5% compounded annually. About how long will it take for John’s investment to double in value?
Gekata [30.6K]

Answer:

The number of years needed is 15.75 years.

Step-by-step explanation:

The investment amount (present value) = $200

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N = 15.75 years

The number of years required to double the amount is 15.75 years.

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