radomes.openskiesproject.org
nookolelady nookolelady
  • 06-08-2016
  • Mathematics
Answered

Jerry Stevens wants to know how long it will take 1,100 to amount to 1,750 at a simple interest rate of 8%. Could you help Jerry? Round time in years to nearest tenth.

Verified Answer :

Kunchan
Kunchan Kunchan
  • 07-08-2016

Interest per year 
1100 * (8/100)
88

Need interest
1750 - 1100
650

Take time to reach that amount
650 / 88
7.386 years

Answer Link

Related Questions

Yo siempre que hay que reciclar A di B digo C hago D dice
What is the difference between the novel and film of the Watson go to Birmingham 63
Help me with these sentences please
What was new yorks first daily newspaper
40619 in expanded form
William Gilmore Simms was a good storyteller TRUE or FALSE
which of the following best describes how the colonies justified seeking independence
Congress makes the laws and no other branch of government has the power to veto the laws True False
signs such as the dash or the comma indicate that blank information will follow
What is true about discipline