26kremc 26kremc

02-02-2021
Mathematics

contestada

How long will it take $500 to double at a simple interest rate of 5%? Explain how you found your
answer.

Respuesta :

anon0410 anon0410

02-02-2021

Answer:

20

Step-by-step explanation:

Use A=P(1+rt). First, A would be the final value. P would be the principal amount, r is the rate, and t would be the time. So to solve this:

1000= 500(1+.05t)

1000= 500 + 25t

500 = 25t

t = 20

Answer Link

Otras preguntas

Which of the following options does NOT describe a fact? a. builds arguments and support ideas b. from reliable sources c. expresses feelings, attitudes, and be

Which hummingbird adaptation is most advantageous for supporting their high metabolism? a. entering torpor b. long beak and tubular tongue c. ability to hover d

There are ____ molecules of air at high elevations, so air pressure is less. a. fewer c. more b. the same number of d. no

Advantages of using chemical agents for terrorist activities include all of the following except: Select one: Availability Requires large quantities Easy to mak

This is hard, but I really need help! A triangle has two given sides, one is 5 in and the other is 10 in. What would the third side have to be for the triangle

Which of the following is the primary aim of the Parti Québécois? A. Establishing Quebec as an independent country B. Garnering higher income from the operati

A compound sentence is created by combining __________. A. two subordinate clauses B. a subordinate clause and an independent clause C. a subject and a pre

Which of the following helped support passage of the new Constitution? The Federalist essays.Full attendance of all states' delegates at the Constitutional Conv

After Congress has approved a proposed amendment to the Constitution, what then must take place before that amendment becomes law?

How did Spain lose power in its empire in the Americas