mowami73 mowami73

21-07-2022
Mathematics

contestada

Calculate how long it would take for an investment of R9000 to double if the simple interest rate is 11% per annum.

Respuesta :

nicoIas nicoIas

21-07-2022

Answer:

9.09 years

Step-by-step explanation:

Use the simple interest formula

A=P(1+rt)

18000=9000(1+.11*t), solve for t

t = 9.0909

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