Randy had $2000 he wants to double in 2 years. What is the approximate rate he will need??
I = PRT
2000 = 2000 * R * 2
2000 = 4000R
2000/4000 = R
0.5 = 50% = R
It isn't going to happen.
2000 = 2000 * R * 2
2000 = 4000R
2000/4000 = R
0.5 = 50% = R
It isn't going to happen.