SOLUTION: Question on interest: Assuming a rate 12.5%, How many years would it take for the Interest to be Double the Priciple. Thank you in Advance

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Question on interest: Assuming a rate 12.5%, How many years would it take for the Interest to be Double the Priciple. Thank you in Advance      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 584962: Question on interest:
Assuming a rate 12.5%, How many years would it take for the Interest to be Double the Priciple.
Thank you in Advance
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
72/12.5=5.76 yrs