Questions LLC
Login
or
Sign Up
Ask a New Question
Questions
Math
At what rate of simple interest will a sum of money double itself in four years
1 answer
4 r x=x
r = .25
25%
You can
ask a new question
or
answer this question
.
Related Questions
a sum of money invested at a simple interest rate R increases to 5/3 times the original sum after 5 years. The value for R is?
Pat deposits $600.00 in a saving accounts at a simple interest rate of 6% per year for five years. How much money will pat have
1. Mr. Thimbrel borrowed $5,600 from the bank at 8.5% per annum simple interest for 6 years. Calculate:
a) The sum of money paid
Mrs Ricky borrowed $5,340 at a bank at 9.5% per annum simple interest for 5 years.
(A) the sum of money paid in interest to the
An investment service promises to triple your money in 12 years. Assuming continuous compounding of interest, what rate of
a sum of money doubles in 20 years on simple interest. it will triple at the same rate in ?
hloe deposits $2,000 in a money market account. The bank offers a simple interest rate of 1.2%. How much interest will she earn
Pat deposit $600 in his savings account at a simple interest rate of 6% per year for five years. How much money will Pat earn an
Determine whether an 8.3% simple interest rate or a 7.2% compound interest rate with interest compounded monthly is the better
At thrift bank,if you keep $675 in a saing account for 12 years, your money wil earn $486 in interest. What annual simple