Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

=
Simple interest is given by the formula A P+Prt. Where A is the balance of the
account after t years, and P is the starting principal invested at an annual percentage rate
of r, expressed as a decimal.
Bill is investing $26,000 into a savings account that pays 2.6% simple interest. How long will
it take for this investment to double in value?
It will take
Round your answer to the nearest tenth.
years for this investment to double in value.

Sagot :

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.