If $14,000 invested at 12% annually simple interest how long does it take to be worth 45,920
2 answers:
Answer:
It will take about 3.27 years.
Answer
19 years
Step-by-step explanation:
as
simple intrest= p*r*t/100 p=principal r= rate t=time
amount of intrest for one year = 14000*12*1/100=1680
check how much money is in between the principal and the amount needed
45920-14000=31920
and divide it by the intrest of one year= 31920/1680
and the answer is the amount of years= 19 yrs
You might be interested in
107.52 seconds for the ball to deflate.
U should do the one with the most employees is u believe that
<span />
2 decimal places for regular . 3.14
