Essay
Bill Roe visits his local bank to see how long it will take for $1,000 to amount to $1,900 at a simple interest rate of 12 1/2%. Can you provide Bill with the solution to his problem in years?
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q4: The interest is the amount of money
Q6: A note dated Dec. 13 and due
Q12: Interest is equal to:<br>A)Principal × rate divided
Q15: Matty Kaminsky owns a new Volvo. His
Q32: With interest of $1,832.00 and a principal
Q51: The federal government likes to use ordinary
Q67: In the U.S. Rule, the partial payment
Q68: Interest on $5,255 at 12% for 30
Q78: Round all answers to the nearest cent.
Q93: Given interest of $11,900 at 6% for