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Can someone help me super fast with question 7 and 8!! I need the answer and explanation please!!! I think you are supposed to use the formula p(1+rt) but I’m not sure!! Questio…
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Can someone help me super fast with question 7 and 8!! I need the answer and explanation please!!! I think you are supposed to use the formula p(1+rt) but I’m not sure!! Questio…
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Jul 17, 2024
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Can someone help me super fast with question 7 and 8!! I need the answer and explanation please!!!
I think you are supposed to use the formula p(1+rt) but I’m not sure!!
Question 7:
Juan wants to invest $6800 in a savings account that pays 4.7% simple interest. How long will it take for this investment to double in value? Round your answer to the nearest tenth.
Find the years.
Question 8:
How much would you need to deposit in an account now in order to have $4000 in the account in 10 years? Assume the account earns 5% simple interest. Round your answer to the nearest cent.
Thank you!!
Mathematics
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Kijin
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Answer:
Question 7:
Question 8:
The deposit is $2,455.65.
Osm
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Jul 21, 2024
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Osm
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