Answer:
It will take approximately 17 years
Step-by-step explanation:
Let the initial investment be x
The investment plus the principal yields 3x
The interest is thus 3x-x = 2x
Formula for simple interest is;
I = PRT/100
R is rate = 12%
T is time = ?
x =$2,000 which is the principal
2x = x * 12 * T/100
2 = 12t/100
12t = 200
t = 200/12
t = 16.67 which is approximately 17 years
If there are choices, please list them.
If not, it is certainly a capital gain if you live in the United States.
And capital gains are taxed. Again if you are in the US and you are not a trader, you will be taxed at a different higher rate if you sold it in less than a 1 year period.
Over a year and it is called a long term gain and the tax rate is lower. There's more about how to write off short term losses and gains, but that's getting into complexity you probably don't need to know about.
Answer: Capital Gain <<<<<<
Answer:
x = 7
Step-by-step explanation:
-3 x 7 = -21
-21 + 2 = -19
Answer:
4
Step-by-step explanation:
48/12=4
