Mathematics, 20.02.2021 07:10 Babymo
Simple interest is given by the formula A= P +Prt. Where A is the balance of the account after t years, and P is the starting principal invested at an annual percentage rate of r, expressed as a decimal.
Derek is investing $36,000 into a savings account that pays 2.7% simple interest. How long will it take for this investment to double in value?
It will take __ years for this investment to double in value. Round your answer to the nearest tenth.
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Simple interest is given by the formula A= P +Prt. Where A is the balance of the account after t yea...
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