Answered: How many years will it take for $200 to…

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How many years will it take for $200 to double if your simple interest rate is 6%?

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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How many years will it take for $200 to double if your simple interest rate is 6%?

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