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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 106
Solve the following word problems. Round answers to the nearest cent when necessary.
a. Howmany years will it take $5,000 invested at 8% simple interest to double to S 10.000
b. How long will it take if the interest rate is increased to 10%
a. Howmany years will it take $5,000 invested at 8% simple interest to double to S 10.000
b. How long will it take if the interest rate is increased to 10%
Explanation
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Verified
a. Firstly find the amount of interest t...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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