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2 years ago

10. What simple interest rate is needed for $15,000 to double in 8 years? Round to the nearest tenth.

Mathematics

1 answer:

Mrrafil [7]2 years ago

7 0

Answer:

The simples interest rate needed is 12.5%

Step-by-step explanation:

Explanation is in the attachments.

Hope this helps! :)

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3 years ago

10. What simple interest rate is needed for $15,000 to double in 8 years? Round to the nearest tenth.​

10. What simple interest rate is needed for $15,000 to double in 8 years? Round to the nearest tenth.