How long would it take Belinda's $800 investment to double in value if she has a bond with a 8.75% interest rate?
THE ANSWER IS 8.23 EVERYONE NO CAP
8.2 Just divide 72 by the interest rate to find how long it will take to double. 72/8.75=8.22 so 8.2 ON MY MOTHER THIS IS CORRECT. YOU'RE WELCOME.
thanks g you a real one^
sooo whats the answerrr
You guys are wrongggg
Jk
every year she gets 0.0875*800 = 70
70 x = 800
x = 80/7 = 11.43 years so almost 12 years