Question

You decide to invest $997.90 at an interest rate of 17% l, how long will it take to triple your money? Round to the nearest whole number.

Answer 1

Approximately 18 years

Explanation:

Triple: 997.90*3. which is 2993.7

997.90*0.17*x=2993.7

(x is time)

169.643x=2993.7

x=2993.7/169.643

x= approximately 17.64....... years/

18 years.

Hope this helps plz hit the crown :D