At what simple interest rate is P16 500 invested if it earns an interest of P1 620 just after 1.5 years?
At what simple interest rate is P16 500 invested if it earns an interest of P1 620 just after 1.5 years?
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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