A. If you want to earn 9% annual simple interest on an investment, how much should you

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A. If you want to earn 9% annual simple interest on an investment, how much should you pay for a note that will be worth $24,400.00 in 2 months.

B.If $9,000.00 is invested at 16% annual simple interest, how long does it take to be worth $37,800.00.

It will take ____years? (round to the nearest whole).

Related Book For answer-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: Mar 08, 2024 12:03 AM

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A. If you want to earn 9% annual simple interest on an investment, how much should you

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A Investment Amount to Earn 9 Simple Interest in 2 Months Here we can use the simple interest formul... View the full answer

Mathematical Applications for the Management Life and Social Sciences

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