Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Get quick and reliable solutions to your questions from a community of experienced professionals on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

suppose the term of an investment at simple interest is doubled. does the interest received double?

Sagot :

I=Prt

substitute values of 1 and 2 for t and compare

I=Pr(1)
I=Pr(2)

Simple interest is directly proportional to the amount of time in the term of investment. Multiplying by two does in fact make the interest twice as large.

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.