1479186325
  • 1479186325
I need help! This problem is simple interest. How many years will it take for $8,000 to double at a simple interest rate of 6%?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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anonymous
  • anonymous
well what is 8,000 * .06?
1479186325
  • 1479186325
480
anonymous
  • anonymous
how many years if it gained 480 every year would it take to reach 8,000? so basically 480x=8000 solve for x

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1479186325
  • 1479186325
Okay
anonymous
  • anonymous
so 8000/480=
anonymous
  • anonymous
have to make u do math so you learn lol
1479186325
  • 1479186325
16.67. So Basically it will be 16.6 years right?
anonymous
  • anonymous
yes! but if you wanted to round to a simple year it would be 17 years but my guess for your question would be 16.7 years because you always round the decimal up if it more than 4 :)
1479186325
  • 1479186325
Thank YOU!!
anonymous
  • anonymous
NP it what I do lol need anything else?
1479186325
  • 1479186325
Not as of now. Can I Notify you if I have any other questions?
anonymous
  • anonymous
sure but I may be offline :( I'm about to get off now that why I asked lol but yeah feel free though I may not answer right away :)
1479186325
  • 1479186325
Okay. Thanks again.
anonymous
  • anonymous
Like I said NP bye
benlindquist
  • benlindquist
147 can u help me later

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