SOLUTION: Ellen puts $6000 in an investment account. She earns 5.9% interest per year. After how many years will Ellen be closest to doubling her starting investment? Write the equation. It
Algebra.Com
Question 1118043: Ellen puts $6000 in an investment account. She earns 5.9% interest per year. After how many years will Ellen be closest to doubling her starting investment? Write the equation. It is a simple interest problem.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
answered
RELATED QUESTIONS
Ellen puts $6000 in an investment account. She earns 5.9% interest per year. After how... (answered by stanbon)
Joy puts $300.00 into an account to use for school expenses. The account earns 9%... (answered by josgarithmetic)
Marcy puts $500.00 in a bank account. Each year the account earns 5% simple interest. How (answered by mananth)
Clara invests $5,000 in an account that pays 6% interest per year. After how many years... (answered by stanbon)
An initial amount of £6000 is your savings account. The bank is giving you interest at... (answered by Boreal)
An initial investment of 25,000 earns 5% annual interest compounded monthly. How much... (answered by Theo)
4. You are planning to deposit $15,000 into a bank account at the end of each year for 5... (answered by Theo)
Cristina puts $500 in a bank account. Each year the account earns 6% simple interest. How (answered by mananth)
taylor earns 2.1% simple interest per year on her savings. if she puts $500 into a... (answered by fractalier)