Gordon Rosel went to his bank to find out how long it will take for $1,200 to amount to $1,650 at 8% simple interest. Calculate the number of years. (Round time in years to the nearest tenth.) Number of years
Gordon Rosel went to his bank to find out how long it will take for $1,200 to amount to $1,650 at 8% simple interest. Calculate the number of years. (Round time in years to the nearest tenth.) Number of years
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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Gordon Rosel went to his bank to find out how long it will take for $1,200 to amount to $1,650 at 8% simple interest. Calculate the number of years. (Round time in years to the nearest tenth.)
Number of years |
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