SOLUTION: Ross has 6 � years to double his $13000. What interest rate does Ross need?

SOLUTION: Ross has 6 � years to double his $13000. What interest rate does Ross need?

Algebra.Com

Question 1111060: Ross has 6 � years to double his $13000. What interest rate does Ross need?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Using simple interest formula:

------------------

15.38% interest rate

RELATED QUESTIONS
Josh wants to double his $20,000 in 6 years. What interest rate does Josh need? (answered by Boreal)

Chandler has 2.5 years to double his $100. What interest rate does Chandler need? Carl (answered by ikleyn)

Rachel has 10 years to double her $100. What interest rate does Rachel need? (answered by Fombitz)

Both Ross and Jackson have the same amount of money at first. Ross gives ¼ of his money... (answered by ikleyn,greenestamps)

Ross is 75% of his uncle's age and 3 times older than his nephew. If Ross's uncle is 50... (answered by Alan3354,ikleyn)

Sandra is 5 times as old as her son Ross. 3 years ago she was 7 times his age. How old is (answered by 303795)

Ross is 6 years older than twice his sister Holly's age. The difference in their ages is (answered by harpazo)

At what simple interest rate should 25000 be invested to earn interest of 13000 in 8... (answered by rfer)

Ross has 5 coins. They add up to 50cents. What kinds of coins does he have and how many (answered by josmiceli)