Mathematics, 25.08.2021 03:20 eggg65

6. Teri estimates that it will cost $200,000 to send his daughter to a private college in 16 years. He currently has $125,000 to deposit in an account. What simple interest rate
would
he need so that $125,000 grows info $200,000 in 16 years? Round to the nearest
percent.

How do I solve this?

Answers: 1

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More questions: Mathematics Another questions

6. Teri estimates that it will cost $200,000 to send his daughter to a private college in 16 years. He currently has $125,000 to deposit in an account. What simple interest rate would he need so that $125,000 grows info $200,000 in 16 years? Round to the nearest percent. How do I solve this?

Answers

Another question on Mathematics

6. Teri estimates that it will cost $200,000 to send his daughter to a private college in 16 years. He currently has $125,000 to deposit in an account. What simple interest rate
would
he need so that $125,000 grows info $200,000 in 16 years? Round to the nearest
percent.

How do I solve this?