If $5000 dollars is invested at 8% simple interest, how long does it take for the investment to be worth $9000

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter10: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 443RE: Elise invests $4500 in an account that compounds interest monthly and earns 6%. How long will it...
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If $5000 dollars is invested at 8% simple interest, how long does it take for the investment to be worth $9000?

 

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